Alaska § 45.30.025 - Surety's liability and right to cancel bond.
Full text of Alaska Alaska Statutes § 45.30.025 — Surety's liability and right to cancel bond., with citation guidance and answers to common questions.
§ 45.30.025. Surety's liability and right to cancel bond.
(a) The surety shall inform the attorney general in writing of all claims against the bond lodged directly with the surety and all sums paid against the bond.
(b) The surety on the bond is not liable in an aggregate amount in excess of that named in the bond.
(c) Nothing in this chapter impairs the right of a surety to cancel its bond for lawful reasons; however, a cancellation does not extinguish the surety's liability on the bond for mobile homes previously delivered to buyers in the state.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 45.30.025
What does Alaska Statutes § 45.30.025 cover?
Section 45.30.025 ("Surety's liability and right to cancel bond.") 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 § 45.30.025?
A common citation format is "Alaska Statutes § 45.30.025" (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 § 45.30.025 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.