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Title 15 . Revenue
Chapter 145 . (Repealed)
Section 40. Guarantees by others

15 AAC 145.040. Guarantees by others

If there is more than one guarantor to the loan, upon default each guarantor will be liable for an amount equal to the amount in default multiplied by that guarantor's respective percentage of the loan guaranteed.

History: Eff. 2/17/85, Register 93

Authority: AS 45.94.030

AS 45.94.050

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Last modified 7/05/2006