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2020 Alaska Statutes
Title 34. Property
Chapter 08. Common Interest Ownership
Article 5. General Provisions.
Sec. 34.08.830. Transfer of unit in a cooperative.
Universal Citation: AK Stat § 34.08.830 (2020)
If a unit in a cooperative is owned by a unit owner or is sold, conveyed, voluntarily or involuntarily encumbered, or otherwise transferred by the unit owner, the interest in the unit that is owned, sold, conveyed, encumbered, or otherwise transferred is the right to possession of the unit under a proprietary lease, coupled with the allocated interests of the unit, and the association's interest in the unit is not affected by the transfer.
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