Alaska Statutes 21.24.070 – Assignment, conveyance of assets or securities
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Terms Used In Alaska Statutes 21.24.070
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
All securities not negotiable by delivery and deposited under this title shall be assigned to the director and successors in office. In the case of securities held under custodial arrangements outside this state under Alaska Stat. § 21.24.040(c), the custodian’s receipt for the securities shall be delivered, if negotiable, or assigned to the director if thereby legal title to the securities is vested in the director. The insurer shall transfer or convey to the director and successors in office all other assets so deposited. Upon release to the insurer of the asset or security the director shall reassign or transfer or reconvey it to the insurer.