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- Alaska Statutes.
- Title 21. Insurance
- Chapter 24. Administration of Deposits
- Section 70. Assignment, Conveyance of Assets or Securities.
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. Liability of Director and State.
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AS 21.24.070. Assignment, Conveyance of Assets or Securities.
All securities not negotiable by delivery and deposited under this title shall be assigned to the director and
successors in office. In the case of securities held under custodial arrangements outside this state under AS 21.24.040
(c), the custodian's receipt for the securities shall be delivered, if negotiable, or assigned to the director if
thereby legal title to the securities is vested in the director. The insurer shall transfer or convey to the director
and successors in office all other assets so deposited. Upon release to the insurer of the asset or security the
director shall reassign or transfer or reconvey it to the insurer.
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