(a) The state pledges to and agrees with any lender to the bank that the state will not limit or alter the rights and powers given to the bank by this chapter to fulfill the terms of a contract made by the bank with the lender to the bank, or in any way impair the rights and remedies of the lender to the bank. The bank is authorized to include this pledge and agreement of the state in a contract with any lender to the bank.
(b) The pledge of the state is limited to the express provisions of (a) of this section and is not a guarantee, surety, promise, undertaking, or assurance of repayment or performance of any obligation of the bank.
Structure Alaska Statutes
Chapter 81. Commercial Fishing and Agriculture Bank
Sec. 44.81.010. Alaska Commercial Fishing and Agriculture Bank.
Sec. 44.81.020. Board of directors.
Sec. 44.81.031. Officers and employees.
Sec. 44.81.041. Structure and membership of the bank.
Sec. 44.81.061. Indemnification of directors, officers, and employees.
Sec. 44.81.101. Pledge of the state.
Sec. 44.81.200. Reports and publications.
Sec. 44.81.210. General powers of the bank.
Sec. 44.81.215. Lending powers of the bank.
Sec. 44.81.225. Small loans to nonmembers.
Sec. 44.81.231. Pledge of permits.
Sec. 44.81.236. Limitations on the pledge of permits.
Sec. 44.81.241. Initial notice of default.
Sec. 44.81.243. Bank remedies after failure to cure.
Sec. 44.81.247. Termination of permit interest.
Sec. 44.81.249. Cancellation, extension, and delivery of notices.
Sec. 44.81.250. Transfer of entry permits after foreclosure.
Sec. 44.81.260. Confidentiality of records.
Sec. 44.81.270. Audits and examinations of bank.
Sec. 44.81.300. Unclaimed distributions, redemptions, or payments.