Alaska Statutes
Alaska Stat. § 42.40.500 (2026)
Limitation of liability
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Sec. 42.40.500. Limitation of liability.
A liability incurred by the corporation shall be satisfied exclusively from the assets or revenue of the corporation and no creditor or other person has a right of action against the state because of a debt, obligation, or liability of the corporation.
A liability incurred by the corporation shall be satisfied exclusively from the assets or revenue of the corporation and no creditor or other person has a right of action against the state because of a debt, obligation, or liability of the corporation.
Notes of Decisions
Cited in 2
cases, 1991–1993 · leading case: Alaska Cargo Transp., Inc. v. Alaska R.R. Corp. Frank Turpin Marty Keale Richard Knapp Denny Robertson Laurie Gray Arnold Polanchek, 5 F.3d 378 (9th Cir. 1993).
Alaska Cargo Transp., Inc. v. Alaska R.R. Corp. Frank Turpin Marty Keale Richard Knapp Denny Robertson Laurie Gray Arnold Polanchek, 5 F.3d 378 (9th Cir. 1993). “Alaska Stat. §§ 42.40.500 , .900(a) (1992).”
Alaska Cargo Transp., Inc. v. Alaska R.R., 834 F. Supp. 1216 (D. Alaska 1991). “500 which provides that any liability adjudged against ARRC will be satisfied from the revenue of the corporation, and that no creditor or other individual shall have a right of action against the state. Additionally, Alaska Cargo contends that ARRC exists in a capacity separate…”
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