Alaska Statutes.
Title 4. Alcoholic Beverages
Chapter 11. Licensing
Section 670. Foreclosure.
previous: Section 660. License a Privilege.
next: Section 680. Duration of Licenses and Permits.

AS 04.11.670. Foreclosure.

A license issued under this title is not subject to foreclosure, and may not be used as collateral to secure a debt. However, if a license is transferred to another person, the transferor may secure payment for real and personal property conveyed to the transferee upon the promise of the transferee to transfer the license back to the transferor upon default in payment.

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