Alaska Statutes 06.45.310 – Transfer of credit union’s property to preferred creditor is void
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Terms Used In Alaska Statutes 06.45.310
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- property: includes real and personal property. See Alaska Statutes 01.10.060
The transfer of property, money, or assets by a credit union after it becomes insolvent, to prefer one creditor over another, or to prevent the equal distribution of its property and assets among its creditors is void.