Alaska § 21.87.220 - Investments.
Full text of Alaska Alaska Statutes § 21.87.220 — Investments., with citation guidance and answers to common questions.
§ 21.87.220. Investments.
(a) A service corporation shall invest and have invested its funds in the following investments only: (1) cash on deposit or in savings accounts in banks or trust companies in this state;
(2) deposits in or shares of the savings and loan associations that are insured by an instrumentality of the United States government, and not in excess of the amount of the insurance in any one such institution;
(3) public obligations, as provided under AS 21.21 ;
(4) corporate obligations, as provided under AS 21.21 ; and
(5) real estate for use as a home office, at a cost not exceeding 10 percent of the corporation's assets at the time of investment, unless a larger amount has been approved by the director.
(b) AS 21.21 shall apply to the investments of service corporations, to the extent applicable, and for the purposes of the application a service corporation shall be considered to be an insurer.
(c) The director may adopt regulations governing the extent to which the sections referred to in (b) of this section are applicable to a service corporation.
Frequently Asked Questions About Alaska § 21.87.220
What does Alaska Statutes § 21.87.220 cover?
Section 21.87.220 ("Investments.") 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 § 21.87.220?
A common citation format is "Alaska Statutes § 21.87.220" (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 § 21.87.220 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.