In conjunction with the exercise of a power authorized by AS 18.55.100 - 18.55.290, the real property of the corporation is exempt from levy and sale by execution. Execution or other judicial process may not issue against it and judgment against the corporation may not be a charge or lien upon its real property. However, this section does not limit the right of an obligee to foreclose or otherwise enforce a mortgage of the corporation or to pursue any remedy for the enforcement of a pledge or lien given by the corporation under AS 18.55.100 - 18.55.290 on its rents, fees, or revenues.
Structure Alaska Statutes
Title 18. Health, Safety, Housing, Human Rights, and Public Defender
Chapter 55. Housing, Public Buildings, Urban Renewal, and Regional Housing Authorities
Article 1. Housing Project and Public Building Assistance Act.
Sec. 18.55.010. Purpose of AS 18.55.100 - 18.55.290.
Sec. 18.55.080. Members or employees prohibited from acquiring interest in projects.
Sec. 18.55.100. Powers of corporation.
Sec. 18.55.110. Cooperation with and aid of federal government.
Sec. 18.55.120. Housing for low-income households.
Sec. 18.55.130. Qualifications of tenants.
Sec. 18.55.140. Issuance of bonds, notes, and refunding bonds.
Sec. 18.55.150. Security for bonds.
Sec. 18.55.160. Limitation of liability on bonds.
Sec. 18.55.170. Exemption from taxes.
Sec. 18.55.180. Issuance and sale of bonds and notes.
Sec. 18.55.187. Independent financial advisor.
Sec. 18.55.200. Additional powers to secure bonds or obligations under leases.
Sec. 18.55.210. Right of obligee of corporation to bring action.
Sec. 18.55.220. Power of corporation to confer upon obligee right to bring action or proceeding.
Sec. 18.55.230. Exemption of real property of corporation from execution or other process.
Sec. 18.55.240. Power of corporation to obtain federal aid and cooperation.
Sec. 18.55.250. Property of corporation exempt from taxes and assessments.
Sec. 18.55.255. Disposal of surplus property.
Sec. 18.55.260. Legality of corporation's bonds as investments.
Sec. 18.55.270. Recommendations for legislation.
Sec. 18.55.280. Public loans or donations to or cooperation with corporation.