Alaska § 16.10.342 - Foreclosure expense account.
Full text of Alaska Alaska Statutes § 16.10.342 — Foreclosure expense account., with citation guidance and answers to common questions.
§ 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(b) [Repealed, § 72 ch 113 SLA 1982.]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.
Frequently Asked Questions About Alaska § 16.10.342
What does Alaska Statutes § 16.10.342 cover?
Section 16.10.342 ("Foreclosure expense account.") 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 § 16.10.342?
A common citation format is "Alaska Statutes § 16.10.342" (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 § 16.10.342 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.