Statutes > Alaska Statutes > Title 06 - BANKS AND FINANCIAL INSTITUTIONS > Chapter 06.45. - ALASKA CREDIT UNION ACT > Sec. 06.45.310. - Transfer of credit union's property to preferred creditor is void.

Sec. 06.45.310. - Transfer of credit union's property to preferred creditor is void.

Sec. 06.45.310. Transfer of credit union's property to preferred creditor is void.

The transfer of property, money, or assets by a credit union after it becomes insolvent, to prefer one creditor over another, or to prevent the equal distribution of its property and assets among its creditors is void.