A license issued under this title is not subject to foreclosure, and may not be used as collateral to secure a debt. However, if a license is transferred to another person, the transferor may secure payment for real and personal property conveyed to the transferee upon the promise of the transferee to transfer the license back to the transferor upon default in payment.
Structure Alaska Statutes
Article 9. Miscellaneous Provisions.
Sec. 04.11.570. Refund and forfeiture of fees. [See delayed amendment note]
Sec. 04.11.580. Surrender or destruction of license.
Sec. 04.11.590. Disposition of money.
Sec. 04.11.610. Refund to municipalities. [See delayed amendment note]
Sec. 04.11.630. Accessibility of license and licensed premises to inspection.
Sec. 04.11.660. License a privilege.
Sec. 04.11.680. Duration of licenses and permits. [See delayed amendment note]