Alaska § 29.06.380 - Succession to assets and liabilities; bonded indebtedness.
Full text of Alaska Alaska Statutes § 29.06.380 — Succession to assets and liabilities; bonded indebtedness., with citation guidance and answers to common questions.
§ 29.06.380. Succession to assets and liabilities; bonded indebtedness.
A unified municipality shall succeed to all the assets and liabilities of the municipalities it unified. A bonded indebtedness or other debt incurred before unification remains the tax obligation of the area that contracted the debt, except that by ordinance the tax obligation may be assumed by a larger area if the governing body determines that the asset for which the bonded indebtedness or other debt was incurred benefited the larger area before unification, or benefits the larger area after unification. However, bonded indebtedness or other debt for sewage collection systems, water distribution systems, and streets, even if determined to be benefiting a larger area than that which incurred the debt, remains the tax obligation of the area that incurred the debt.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 29.06.380
What does Alaska Statutes § 29.06.380 cover?
Section 29.06.380 ("Succession to assets and liabilities; bonded indebtedness.") 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 § 29.06.380?
A common citation format is "Alaska Statutes § 29.06.380" (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 § 29.06.380 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.