Alaska Statutes.
Title 14. Education, Libraries, and Museums
Chapter 42. Postsecondary Education Commission and Loan Corporation
Section 100. Creation of Alaska Student Loan Corporation.
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AS 14.42.100. Creation of Alaska Student Loan Corporation.

There is created the Alaska Student Loan Corporation. The corporation is a public corporation and government instrumentality within the Department of Education and Early Development but having a legal existence independent of and separate from the state. The corporation may not be terminated as long as it has bonds, notes, or other obligations outstanding. Upon termination of the corporation, its rights and property pass to the state.

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