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2019 Alaska Statutes
Title 34. Property
Chapter 80. Escrow Transactions for Residential Real Property
Sec. 34.80.010. Characterization of escrow money.
Universal Citation:
AK Stat § 34.80.010 (2019)
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The money that is received by a settlement agent for an escrow transaction is not the property of the settlement agent and is not subject to execution, attachment, or other form of collection for a claim against the settlement agent. Escrow money may not be used for a purpose other than to fulfill the terms of the escrow transaction agreement.
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