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- Alaska Statutes.
- Title 21. Insurance
- Chapter 78. Rehabilitation and Liquidation
- Section 210. Deposit of Money Collected.
previous: Section 200
. Uniform Insurers Liquidation Act.
next: Section 220
. Exemption From Fees.
AS 21.78.210. Deposit of Money Collected.
The money collected by the director in a proceeding under this chapter shall be from time to time deposited in one or
more state or national banks, savings banks, and in the case of the insolvency or voluntary liquidation of a depositary
that is an institution organized and supervised under the laws of this state, the deposits shall be entitled to
priority of payment on an equality with any other priority given by the banking laws of this state. The director may
deposit the money or any part of it in a national bank or as a trust fund.
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