Alaska Statutes: AS 16.10.342. Foreclosure Expense Account.

Alaska Statutes. Title 16. Fish and Game Chapter 10. Fisheries and Fishing Regulations Section 342. Foreclosure Expense Account.

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AS 16.10.342. Foreclosure Expense Account.

   (a) There is established as a special account within the commercial fishing revolving loan fund the foreclosure expense account.
   (b) [Repealed, § 72 ch 113 SLA 1982].
   (c) The commissioner may expend money credited to the foreclosure expense account when necessary to protect the state's security interest in collateral on loans granted under AS 16.10.300 - 16.10.370 or to defray expenses incurred during foreclosure proceedings after a default by an obligor.

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