Alaska § 21.59.030 - Qualifications for certificate of authority.
Full text of Alaska Alaska Statutes § 21.59.030 — Qualifications for certificate of authority., with citation guidance and answers to common questions.
§ 21.59.030. Qualifications for certificate of authority.
The director may not issue a certificate of authority to be or act as an automobile service corporation and shall revoke an existing certificate of authority unless the corporation (1) if a newly formed corporation, possesses sufficient available working funds to pay all reasonably anticipated costs of acquisition of new business and operating expenses, other than losses, for a period of not less than six months following the date of issuance of the certificate of authority;
(2) posts with the director a bond in the amount of $50,000, issued by a corporate surety authorized under this title to act as surety and conditioned upon the organization's faithful fulfillment of its contracts; and
(3) fulfills all other applicable requirements of AS 21.59.010 — 21.59.090.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 21.59.030
What does Alaska Statutes § 21.59.030 cover?
Section 21.59.030 ("Qualifications for certificate of authority.") 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 § 21.59.030?
A common citation format is "Alaska Statutes § 21.59.030" (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 § 21.59.030 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.