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§ 08-88-490 — Alaska Law | CourtGPT
  1. Home/
  2. Laws/
  3. Alaska/
  4. Title 8 - Business and Professions/
  5. Chapter 88 - Real Estate Brokers and Other Licensees/
  6. Article 4 - Real Estate Recovery Fund.sec. 08.88.450. Real Estate Recovery Fund/
  7. § 08-88-490
Alaska Legal Code

§ 08-88-490

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When the commission has paid to a claimant from the real estate recovery fund the sum awarded by the commission, the commission shall be subrogated to all of the rights of the claimant to the amount paid, and the claimant shall assign all right, title, and interest in that portion of the claim to the commission. Money collected by the commission on the claim shall be deposited to the real estate recovery fund.