GroundRules
AS 06.05.262: Assumption of liability.
Where this section sits in the code
- Title 6. Banks and Financial Institutions.
- Chapter 05. Alaska Banking Code.
- Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.
Except as expressly permitted in this chapter, a state bank may not assume liability as an insurer or as a guarantor or endorser of a security instrument or obligation unless the bank has a property interest in or with respect to the instrument or obligation. This section does not apply to warranty deeds issued by a bank.
Collected 2026-09-02T06:16:15Z. Source file · JSON