{"data":{"id":"us-ak/as-06.65.260","jurisdiction":"us-ak","citation":"AS 06.65.260","heading":"No state obligation.","body":"(a) This chapter may not be construed to create an obligation of the state, the department, or an agency or instrumentality of the state to guarantee for the benefit of a designated beneficiary\n(1) the return of the principal deposited in the program account;\n(2) a rate of interest or other return on the principal in a program account; or\n(3) the payment of interest or other return on the principal in a program account.\n(b) Every contract, application, and other document that may be used in connection with opening a program account must clearly state that the state does not insure a program account or guarantee the items described in (a) of this section.","path":["Title 6. Banks and Financial Institutions.","Chapter 65. Alaska Savings Program for Eligible Individuals."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.65.260","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"9b8d5d308054e2ae599fc5e4919c20989a541091ca2a52c46dac2ce95af8adc1","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.65.250","next":"us-ak/as-06.65.270"},"notice":"GroundRules: Original legal text. Not legal advice."}