Alaska Statutes 08.66.070 – Action on bond
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 08.66.070
- action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
- Fraud: Intentional deception resulting in injury to another.
- person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
- state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
If a person suffers loss or damage by reason of fraud, fraudulent representations, or a violation of a provision of this chapter or another law of this state by a dealer, the person has a right of action against the dealer and a personal right of action against the surety upon the bond. The aggregate liability of the surety may not exceed the amount of the bond.