Alaska § 06.20.290 - Purchase of wages or other compensation for $25,000 or less.
Full text of Alaska Alaska Statutes § 06.20.290 — Purchase of wages or other compensation for $25,000 or less., with citation guidance and answers to common questions.
§ 06.20.290. Purchase of wages or other compensation for $25,000 or less.
For purposes of this chapter, the payment of $25,000 or less in money, credit, goods, or things in action, as consideration for the sale or assignment of, or order for, the payment of wages, salary, commissions, or other compensation for services, whether earned or to be earned, is considered a loan, and the difference between the payment and the amount of the compensation sold or assigned is considered interest or a charge upon the loan from the date of payment to the date the compensation is payable. Such a transaction is governed by this chapter.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 06.20.290
What does Alaska Statutes § 06.20.290 cover?
Section 06.20.290 ("Purchase of wages or other compensation for $25,000 or less.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 06.20.290?
A common citation format is "Alaska Statutes § 06.20.290" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 06.20.290 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.