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2019 Alaska Statutes
Title 34. Property
Chapter 80. Escrow Transactions for Residential Real Property
Sec. 34.80.020. Segregation and deposit of escrow money.
Universal Citation: AK Stat § 34.80.020 (2019)
(a) A settlement agent shall segregate on the records of the settlement agent the escrow money from one escrow transaction from all other money, including the escrow money of other escrow transactions. Escrow money from more than one escrow transaction may be deposited into a single depository escrow account.
(b) A settlement agent shall deposit escrow money in a depository escrow account of a financial institution located in this state.
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