Alaska Stat. § 44.88.710 – Effect of guarantee | Midpage
§ 44.88.710
Alaska Stat. § 44.88.710
Effect of guarantee
(a) A guarantee under AS 44.88.700 — 44.88.799 does not create a debt or liability of the state.
(b) A guarantee under AS 44.88.700(a)(1) may not be terminated, cancelled, or revoked except under its terms. A guarantee held by a participating financial institution is presumed to be valid.