Alaska § 08.24.160 - Form of bond.
Full text of Alaska Alaska Statutes § 08.24.160 — Form of bond., with citation guidance and answers to common questions.
§ 08.24.160. Form of bond.
The bond required by AS 08.24.140 and 08.24.150 shall be in the form substantially as follows:
BONDKnow all Men by These Presents that we,.................................., as principal, and ..................................as surety, are held and firmly bound to the State of Alaska, in the penal sum of $............, lawful money of the United States, for the payment of which we bind ourselves, our heirs, executors, administrators, successors and assigns jointly and severally.The condition of this obligation is such that whereas, the bonded principal, named above, has applied to the Department of Commerce, Community, and Economic Development of the State of Alaska for a collection agency license under the provisions of AS 08.24 and is required by the provisions of that law to furnish a bond conditioned as herein set out.Now, therefore, if.................................., within 30 days after the close of each fiscal or calendar month, reports and pays to customers the net proceeds due and payable of all collections made during that calendar or fiscal month which exceed $20, and strictly, honestly and faithfully complies with the provisions of AS 08.24 and all amendments to it and regulations adopted under it, then this obligation is void, otherwise to remain in full force and effect.This bond becomes effective on the.........day of........., 2..... The surety may be relieved of future liability under it by giving 60 days' written notice to the principal and to the Department of Commerce, Community, and Economic Development of the State of Alaska.This bond is one continuing obligation and the liability of the surety for the aggregate of all claims which may arise under it may in no event exceed the amount of the penalty set out in it.IN WITNESS WHEREOF we have hereunto set our hands and seals at.................................., Alaska, this.........day of........., 2..... (SEAL)..................................Principal (SEAL)..................................Surety
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 08.24.160
What does Alaska Statutes § 08.24.160 cover?
Section 08.24.160 ("Form of bond.") 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 § 08.24.160?
A common citation format is "Alaska Statutes § 08.24.160" (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 § 08.24.160 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.