# Alaska Stat. § 45.30.025: Surety's liability and right to cancel bond

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.30_S45.30.025

## Section

- **Citation:** Alaska Stat. § 45.30.025
- **Heading:** Surety's liability and right to cancel bond
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 45 / Chapter 45.30 / Section 45.30.025

## Text

(a) The surety shall inform the attorney general in writing of all claims against the bond lodged directly with the surety and all sums paid against the bond.

(b) The surety on the bond is not liable in an aggregate amount in excess of that named in the bond.

(c) Nothing in this chapter impairs the right of a surety to cancel its bond for lawful reasons; however, a cancellation does not extinguish the surety's liability on the bond for mobile homes previously delivered to buyers in the state.

## Nearby sections

- [Alaska Stat. § 45.30.011 Mobile home warranties.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.30_S45.30.011.md)
- [Alaska Stat. § 45.30.015 Bonds.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.30_S45.30.015.md)
- [Alaska Stat. § 45.30.018 Private cause of action against bond.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.30_S45.30.018.md)
- [Alaska Stat. § 45.30.025 Surety's liability and right to cancel bond.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.30_S45.30.025.md)
- [Alaska Stat. § 45.30.040 Enforcement of compliance.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.30_S45.30.040.md)
- [Alaska Stat. § 45.30.070 Agreements to locate prohibited.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.30_S45.30.070.md)
- [Alaska Stat. § 45.30.100 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.30_S45.30.100.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.30_S45.30.025. Check the current official text before relying on it. Not legal advice.