Alaska Statutes 16.10.830 – Disposal of property acquired after default
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Terms Used In Alaska Statutes 16.10.830
- Amortization: Paying off a loan by regular installments.
- property: includes real and personal property. See Alaska Statutes 01.10.060
- state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
The department shall dispose of property acquired through default of a loan made under Alaska Stat. § 16.10.801 – 16.10.840. Disposal must be made in a manner that serves the best interest of the state and may include the amortization of payments over a period of years.