Alaska Statutes
Alaska Stat. § 37.18.070 (2026)
Enforcement by bond owner
✓ current as of July 2026
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Sec. 37.18.070. Enforcement by bond owner.
(a) The owner or owners of not less than 10 percent, or a higher percentage as specified in a bond resolution, of the aggregate principal amount of any series or issue of bonds or the trustee for the owners of the bonds or any series of them may, by appropriate proceedings in state court, require and compel the transfer, setting aside, and payment of money and the enforcement of all of the terms, conditions, and covenants as required and provided in this chapter, as appropriate, and the bond resolution.
(b) A proceeding under (a) of this section may be commenced and conducted only in the Superior Court for the State of Alaska, First Judicial District at Juneau.
(a) The owner or owners of not less than 10 percent, or a higher percentage as specified in a bond resolution, of the aggregate principal amount of any series or issue of bonds or the trustee for the owners of the bonds or any series of them may, by appropriate proceedings in state court, require and compel the transfer, setting aside, and payment of money and the enforcement of all of the terms, conditions, and covenants as required and provided in this chapter, as appropriate, and the bond resolution.
(b) A proceeding under (a) of this section may be commenced and conducted only in the Superior Court for the State of Alaska, First Judicial District at Juneau.
Notes of Decisions
Cited in 1
case, 2020–2020 · leading case: Eric Forrer v. State of Alaska & Lucinda Mahoney, 471 P.3d 569 (Alaska 2020).
Eric Forrer v. State of Alaska & Lucinda Mahoney, 471 P.3d 569 (Alaska 2020). “105 AS 37.18.070. 106 AS 37.18.110. -20- 7480 legislature and ratification by qualified voters of the state is not required under art.”
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