Alaska § 06.65.260 - No state obligation.
Full text of Alaska Alaska Statutes § 06.65.260 — No state obligation., with citation guidance and answers to common questions.
§ 06.65.260. No state obligation.
(a) This chapter may not be construed to create an obligation of the state, the department, or an agency or instrumentality of the state to guarantee for the benefit of a designated beneficiary (1) the return of the principal deposited in the program account;
(2) a rate of interest or other return on the principal in a program account; or
(3) the payment of interest or other return on the principal in a program account.
(b) Every contract, application, and other document that may be used in connection with opening a program account must clearly state that the state does not insure a program account or guarantee the items described in (a) of this section.
Frequently Asked Questions About Alaska § 06.65.260
What does Alaska Statutes § 06.65.260 cover?
Section 06.65.260 ("No state obligation.") 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 § 06.65.260?
A common citation format is "Alaska Statutes § 06.65.260" (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 § 06.65.260 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.