Alaska § 45.35.040 - Prohibited provisions.
Full text of Alaska Alaska Statutes § 45.35.040 — Prohibited provisions., with citation guidance and answers to common questions.
§ 45.35.040. Prohibited provisions.
A lease-purchase agreement may not contain (1) a confession of judgment;
(2) a negotiable instrument;
(3) a security interest in, or another claim on, real or personal property that is not the subject of the agreement;
(4) a wage assignment;
(5) an assignment of an Alaska permanent fund dividend;
(6) a waiver by the consumer of claims or defenses relating to the agreement;
(7) a provision authorizing the lessor or a person acting on the lessor's behalf to enter the consumer's premises or to commit a breach of the peace in the repossession of personal property;
(8) an agreement by the consumer to pay attorney fees and costs, except as allowed under court rules.
Frequently Asked Questions About Alaska § 45.35.040
What does Alaska Statutes § 45.35.040 cover?
Section 45.35.040 ("Prohibited provisions.") 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 § 45.35.040?
A common citation format is "Alaska Statutes § 45.35.040" (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 § 45.35.040 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.