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2021 Alaska Statutes
Title 34. Property
Chapter 35. Liens
Article 6. Timber and Lumber.
Sec. 34.35.275. Bona fide purchasers.
Universal Citation:
AK Stat § 34.35.275 (2021)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
The court shall conclusively presume that a party purchasing the property liened upon within the 60 days given to claimants to record their liens is not an innocent third party and is not a bona fide owner of the property, unless it appears that
(1) the purchaser has paid full value for the property; and
(2) the purchase money has been applied to the payment of the bona fide claims that are entitled to liens upon the property under AS 34.35.230 - 34.35.315 according to the priorities established in those sections.
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