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Alaska Statutes Title 37. Public Finance § 37.23.035. Securities lending

Current as of January 01, 2025 | Updated by Findlaw Staff

Securities held by an investment pool may be loaned if the securities are fully collateralized and the collateral is, for safekeeping, in the possession of a person who is independent of the borrowers. The collateral must meet institutional and prudent investor standards. All pool proceeds from securities lending must inure to the benefit of investment pool participants.

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Cite this article: FindLaw.com - Alaska Statutes Title 37. Public Finance § 37.23.035. Securities lending - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-37-public-finance/ak-st-sect-37-23-035/

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