Alaska Statutes.
Title 9. Code of Civil Procedure
Chapter 45. Actions Relating to Real Property
Section 560. Security Taken and Investments Made in Name of Court Clerk.
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AS 09.45.560. Security Taken and Investments Made in Name of Court Clerk.

When the security for the proceeds of sale is taken or when an investment of any proceeds is made, it shall be done, except as herein otherwise provided, in the name of the clerk of the court, who shall hold the same for the use and benefit of the parties interested, subject to the order of the court.

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