A board member or employee of the corporation is not subject to personal liability or accountability because of the execution or issuance of bonds.
Structure Alaska Statutes
Title 42. Public Utilities and Carriers and Energy Programs
Chapter 40. Alaska Railroad Corporation
Sec. 42.40.600. General provisions.
Sec. 42.40.610. Negotiable instruments.
Sec. 42.40.620. Bonds eligible for investment.
Sec. 42.40.630. Payment of bonds.
Sec. 42.40.640. Security for bonds.
Sec. 42.40.650. Independent financial advisor.
Sec. 42.40.660. Validity of signatures.
Sec. 42.40.670. Validity of pledge.
Sec. 42.40.675. Pledge of the state.
Sec. 42.40.690. Credit of state not pledged.