There is a newer version of the Alaska Statutes
2010 Alaska Statutes
Title 34. PROPERTY
Chapter 34.35. LIENS
Sec. 34.35.090. Payment to contractor.
AK Stat § 34.35.090 (through 26th Leg Sess 2010) What's This?
A payment by the owner of a building or structure to a prime contractor or subcontractor, made before 120 days from the completion of the building, is not valid to defeat or discharge a lien created by AS 34.35.050 - 34.35.120 in favor of other claimants, unless the payment is distributed among the other claimants. If a payment is distributed in part only, then the payment is valid only to the extent it is distributed.
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