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Title 3 . Commerce, Community, and Economic Development
Chapter 23 . Miscellaneous
Section 720. Fiduciary money exempt from attachment

3 AAC 23.720. Fiduciary money exempt from attachment

(a) Unless required by a court order, a licensee may not authorize a financial institution to withhold issue of money from a fiduciary account.

(b) Unless required by a court order, a licensee may not authorize a financial institution to seize fiduciary money from an account.

(c) Failure to comply with (a) or (b) of this section is a violation of AS 21.27.360 .

History: Eff. 8/29/90, Register 115; am 3/30/2003, Register 165

Authority: AS 21.06.090

AS 21.27.360


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Last modified 7/05/2006