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Alaska Statutes.
Title 45. Trade and Commerce
Chapter 89. Residential Energy Conservation Fund
Section 40. Sale or Transfer of Mortgages and Notes.
previous: Section 30. Loans.
next: Section 50. Disposal of Property Acquired By Default or Foreclosure.

AS 45.89.040. Sale or Transfer of Mortgages and Notes.

The commissioner may sell or transfer at par value or at a premium or discount to any bank or other private purchaser for cash or other consideration the mortgages and notes held by the department as security for loans made under this chapter.


Note to HTML Version:

This version of the Alaska Statutes is current through December, 2004. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.

Last modified 9/3/2005