 |
Alaska Administrative Code (Last Updated: January 12, 2017) |
 |
Title 3. Commerce, Community, and Economic Development. |
|
Part 3.1. Banking, Securities, Small Loans and Corporations. |
|
Chapter 3.23. Producers, Managing General Agents, Surplus Lines Brokers, Reinsurance Intermediary Managers, Reinsurance Intermediary Brokers, Third Party Administrators, and Independent Adjusters. |
|
Article 3.23.1. Licensing Requirements. |
Section 3.23.720. Fiduciary money exempt from attachment.
Latest version.
-
(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.
Authorities
21.06.090;21.27.360