Statutes, codes, and regulations
Alaska Statutes
Title 42 - PUBLIC UTILITIES AND CARRIERS AND ENERGY PROGRAMSChapter 42.40 - ALASKA RAILROAD CORPORATION
Article 06 - FINANCIAL PROVISIONS
Section 42.40.500 - Limitation of liability

Alaska Stat. § 42.40.500

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Current through Chapter 3 of the 2024 Legislative Session
Section 42.40.500 - Limitation of liability

A liability incurred by the corporation shall be satisfied exclusively from the assets or revenue of the corporation and no creditor or other person has a right of action against the state because of a debt, obligation, or liability of the corporation.

AS 42.40.500