Alaska Statutes.
Title 6. Banks and Financial Institutions
Chapter 45. Alaska Credit Union Act
Section 310. Transfer of Credit Union's Property to Preferred Creditor is Void.
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AS 06.45.310. Transfer of Credit Union's Property to Preferred Creditor is Void.

The transfer of property, money, or assets by a credit union after it becomes insolvent, to prefer one creditor over another, or to prevent the equal distribution of its property and assets among its creditors is void.

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