Made available by Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.

You can also go to The Alaska Legal Resource Center or search the entire website search.

Touch N' Go, the DeskTop In-and-Out Board makes your office run smoother. Visit Touch N' Go's Website to see how.
Title 3 . Commerce, Community, and Economic Development
Chapter 3 . Land Sales
Section 140. Purchase or sale of assets and assumption of liabilities

3 AAC 03.140. Purchase or sale of assets and assumption of liabilities

Any purchase or sale of assets must be within the limitations of written policies established by the board of directors and must be documented by a contract which specifies the items sold or purchased and liabilities assumed, the monetary consideration and all other terms and conditions of the transaction. Prior approval by the department is required on any sale or purchase under this section which would constitute 10 percent or more of either credit union's assets.

History: Eff. 1/21/81, Register 77

Authority: AS 06.45.010

AS 06.45.060 (14)


Note to HTML Version:

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006