3 AAC 81.050 - Collateral
A loan must be secured by collateral acceptable to the department, such as an assignment of future revenue and the proceeds of sale of surplus fish and eggs, and may include a mortgage or other security instrument in real property, buildings, machinery and equipment, and fixtures.
Notes
Authority:AS 16.10.510
AS 16.10.520
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.