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AK HB124
Bill
Status
Introduced
1/26/2011
Primary Sponsor
Charles Chenault
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AI Summary
- Requires parties seeking restraining orders, preliminary injunctions, or orders delaying projects to post security equal to 10 percent of the project's value
- Security requirement applies to projects on state land, political subdivision land, or private land
- Security must cover costs and damages, including reasonable attorney fees, incurred by parties wrongfully restrained, enjoined, stayed, or delayed
- Security must be provided in the form of a bond or irrevocable letter of credit from a U.S.-based financial institution
- Amends Alaska Statute 09.40.230 by adding new subsection (b)
Legislative Description
Security For Injunction
Courts
Last Action
REFERRED TO JUDICIARY
2/25/2011
Committee Referrals
Judiciary2/25/2011
Labor & Commerce1/26/2011
Full Bill Text
No bill text available