Alaska Statutes: AS 45.98.050. Sale or Transfer of Mortgages and Notes.

Alaska Statutes. Title 45. Trade and Commerce Chapter 98. Historical District Loan Act Section 50. Sale or Transfer of Mortgages and Notes.

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AS 45.98.050. Sale or Transfer of Mortgages and Notes.

(a) The commissioner of commerce, community, and economic development or a designee of 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 of Commerce, Community, and Economic Development as security for loans made under this chapter.
(b) [Repealed, Sec. 33 ch 141 SLA 1988].

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