- (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 for the purchase of charter halibut permits will be made only if the permits are placed in the name of the applicant.
(Eff. 10/16/2012, Register 204)
Authority: AS 16.10.805, AS 16.10.815