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 3.81. Fisheries Enhancement Loans and Grants. |
Section 3.81.050. Collateral.
Latest version.
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A loan must be secured by collateral acceptable to the department, such as an assignment of future revenue and the proceeds of sale of surplus fish and eggs, and may include a mortgage or other security instrument in real property, buildings, machinery and equipment, and fixtures.
Authorities
16.10.510;16.10.520