Alaska Deposit bank holding / separate account

Deposit bank holding / separate account in Alaska

Where practicable, deposits and prepaid rent must be promptly placed in a trust account at a bank, savings and loan or licensed escrow agent. Deposits from several tenants may share an account if accounted for separately per tenant, but may not be mixed with the landlord's other funds. Code text: "shall be promptly deposited by the landlord, wherever practicable, in a trust account in a bank, savings and loan association, or licensed escrow agent."

Verified Source: AS 34.03.070(c) · last checked 2026-10-16