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AS 16.10.360

Definitions

Known as the Commercial Fishing Loan Act

The act spans §§ 16–16 (114 sections).

In AS 16.10.300 — 16.10.370, (1) “commission” means the Alaska Commercial Fisheries Entry Commission;

(2) “commissioner” means the commissioner of commerce, community, and economic development;

(3) “debtor” means an individual commercial fisherman who either initially contracts for a loan under AS 16.10.333 — 16.10.337 or assumes a loan as provided in those sections;

(4) “department” means the Department of Commerce, Community, and Economic Development;

(5) “quota share” means a transferable license, permit, or right issued by the federal government that conveys a right to engage in a fishery in or off Alaska and to take a specified portion of the annual harvest quota for that fishery.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.