Statutes, codes, and regulations
Alaska Statutes
Title 06 - BANKS AND FINANCIAL INSTITUTIONS
Chapter 06.45 - ALASKA CREDIT UNION ACT
Section 06.45.310 - Transfer of credit union's property to preferred creditor is void

Alaska Stat. § 06.45.310

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Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Section 06.45.310 - Transfer of credit union's property to preferred creditor is void

The transfer of property, money, or assets by a credit union after it becomes insolvent, to prefer one creditor over another, or to prevent the equal distribution of its property and assets among its creditors is void.

AS 06.45.310