Alaska § 44.81.236 - Limitations on the pledge of permits.
Full text of Alaska Alaska Statutes § 44.81.236 — Limitations on the pledge of permits., with citation guidance and answers to common questions.
§ 44.81.236. Limitations on the pledge of permits.
A loan may not be secured by the pledge of a limited entry permit unless the proceeds of the loan are used for (1) the purchase of a permit;
(2) the purchase or lease of quota shares, individual fishing quotas, or another license, permit, or other grant of commercial fisheries harvesting entitlements that is issued and regulated under state or federal law;
(3) the purchase, construction, maintenance, repair, or improvement of commercial fishing boats, sites, gear, or equipment;
(4) working capital, including insurance premiums, supplies, food, fuel, bait, boat storage, and boat launching;
(5) the payment of obligations whose status places the permit of a borrower in jeopardy of sale as a result of United States Internal Revenue Service enforcement action;
(6) the purchase of the bank's stock or other equity instruments and loan costs; or
(7) refinancing of debts incurred for a purpose listed in (1) — (4) or (6) of this section.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 44.81.236
What does Alaska Statutes § 44.81.236 cover?
Section 44.81.236 ("Limitations on the pledge of permits.") 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 § 44.81.236?
A common citation format is "Alaska Statutes § 44.81.236" (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 § 44.81.236 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.