Current as of April 21, 2021 | Updated by FindLaw Staff
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A surety desiring to be released from liability on a bond shall file with the Department of Administration a statement in writing, signed by the surety or someone on the surety's behalf, setting out the name of the principal and the office, position, or appointment of the principal, the amount for which the surety is liable, and the surety's desire to be released from further liability. A notice containing a copy of the statement shall be served personally on the officer or employee. If the officer or employee is not in the state, the notice may be served by publication for 30 days in a newspaper printed at the capital.
Sec. 10.5. “Distributor representative” means a person that is certified by the secretary to be an agent of a licensed distributor to act on behalf of a distributor licensed under this article.
Cite this article: FindLaw.com - Alaska Statutes Title 39. Public Officers and Employees § 39.15.090. Proceedings for release of sureties - last updated April 21, 2021 | https://codes.findlaw.com/ak/title-39-public-officers-and-employees/ak-st-sect-39-15-090/
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