3 AAC 80.340 - Collateral
(a) A vessel that can be documented must be
documented to be acceptable collateral. If a vessel is offered as collateral
for a loan, the department or its designee shall be permitted to inspect the
vessel before making the loan.
(b)
A loan for the purchase of charter halibut permits will be made only if the
permits are placed in the name of the applicant.
Notes
Authority:AS 16.10.805
AS 16.10.815
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