Surety Bond {08-100} | Pdf Fpdf Doc Docx | Alaska

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Surety Bond {08-100} | Pdf Fpdf Doc Docx | Alaska

Last updated: 12/29/2022

Surety Bond {08-100}

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STATE OF ALASKA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT DIVISION OF BANKING, SECURITIES, AND CORPORATIONS SURETY BOND ___________________________________________________, as principal and _____________________________________, a corporation organized under the laws of the State of ___________________________, as surety, agree to be firmly bound to the State of Alaska for the benefit of interested persons in the penal sum of $_______________, lawful money of the United States, and agree to bind ourselves, jointly and severally, our heirs, executors, administrators, successors, and assigns. The principal has made application to the Administrator of Securities of the State of Alaska to act as a state investment adviser, as defined under the Alaska Securities Act, and is required to furnish a bond in the sum set out above, subject to the following conditions: 1. Any person who suffers any damages and has a cause of action under AS 45.55.930 in connection with the principals business as a state investment adviser, other than criminal actions, in addition to any other remedies available, may bring an action in the persons own name for the recovery of damages, provided that the action is brought within the applicable statute of limitations. 2. The total aggregate liability of the surety under the bond is limited to the amount set out above. 3. The surety or sureties may cancel this bond and be relieved of further liability by delivering to the Administrator 30 days notice of cancellation, however, cancellation shall not affect any liability incurred prior to the termination of the 30-day period. 4. This bond shall remain in effect until the surety or sureties are released from liability by the Administrator or until the bond is cancelled as provided above. 5. In the event either the principal or surety is served with notice of any action commenced against one or the other or both under the bond, they shall each give notice to the Administrator, Department of Community and Economic Development, P.O. Box 110807, Juneau, Alaska 99811-0907. The parties each warrant that they have the requisite authority to execute this document on the dates set forth below: _________________ _____________________________________ Date Principal _________________ _____________________________________ Date Principal 08-100 (10/99) American LegalNet, Inc.

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