State Codes and Statutes

Statutes > Alaska > Title-14 > Chapter-14-42 > Article-02 > Sec-14-42-100

There is created the Alaska Student Loan Corporation. The corporation is a public corporation and government instrumentality within the Department of Education and Early Development but having a legal existence independent of and separate from the state. The corporation may not be terminated as long as it has bonds, notes, or other obligations outstanding. Upon termination of the corporation, its rights and property pass to the state.

State Codes and Statutes

Statutes > Alaska > Title-14 > Chapter-14-42 > Article-02 > Sec-14-42-100

There is created the Alaska Student Loan Corporation. The corporation is a public corporation and government instrumentality within the Department of Education and Early Development but having a legal existence independent of and separate from the state. The corporation may not be terminated as long as it has bonds, notes, or other obligations outstanding. Upon termination of the corporation, its rights and property pass to the state.