There is a newer version of the Alaska Statutes
1998 Alaska Statutes
Title 06 BANKS AND FINANCIAL INSTITUTIONS
Chapter 06.45. ALASKA CREDIT UNION ACT
Sec. 06.45.160. Security.
For the purposes of loans made under this chapter, an assignment of shares or the endorsement of a note constitutes security, and, subject to regulations adopted by the commissioner, insurance obtained under Title 1 of the National Housing Act is adequate security.
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