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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 3. Commerce, Community, and Economic Development. |
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Part 3.1. Banking, Securities, Small Loans and Corporations. |
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Chapter 3.80. Commercial Fishing Loans. |
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Article 3.80.3. Community Charter Fisheries Revolving Loan Fund. |
Section 3.80.440. Collateral.
Latest version.
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(a) A vessel that can be documented must be documented to be acceptable collateral. If a vessel is offered as collateral for a loan, the department or its designee shall be permitted to inspect the vessel before making the loan. (b) A loan will be made only if the collateral is placed in the name of the applicant.
Authorities
16.10.905;16.10.915