§ 11.54.370

Alaska Admin. Code tit. 11, § 54.370

Rights of collateral assignee

Effective Feb 8, 2001Alaska Register 157(Eff. 7/1/60, Register 1; am 8/15/64, Register 18; 2/8/2001, Register 157) | Authority: AS 38.05.020, AS 38.05.035, AS 38.05.045, AS 38.05.920

If the purchaser's interest in a contract is foreclosed and terminated for breach, the holder of a collateral assignment approved under AS 38.05.920 may acquire the contract, subject to the contract's terms and conditions.

(Eff. 7/1/60, Register 1; am 8/15/64, Register 18; 2/8/2001, Register 157)

Authority: AS 38.05.020, AS 38.05.035, AS 38.05.045, AS 38.05.920