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2018 Alaska Statutes
Title 21. Insurance
Chapter 24. Administration of Deposits
Sec. 21.24.070. Assignment, conveyance of assets or securities.
Universal Citation: AK Stat § 21.24.070 (2018)
All securities not negotiable by delivery and deposited under this title shall be assigned to the director and successors in office. In the case of securities held under custodial arrangements outside this state under AS 21.24.040(c), the custodian's receipt for the securities shall be delivered, if negotiable, or assigned to the director if thereby legal title to the securities is vested in the director. The insurer shall transfer or convey to the director and successors in office all other assets so deposited. Upon release to the insurer of the asset or security the director shall reassign or transfer or reconvey it to the insurer.
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