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Alaska Statutes Title 34. Property § 34.35.355. Bona fide purchasers

Current as of January 01, 2025 | Updated by Findlaw Staff

The court shall conclusively presume that a party who purchases property on which a lien is claimed, within the time allowed for the filing of the lien, is not an innocent purchaser for value and is not a bona fide owner of the property subject to the lien, unless it appears that

(1) the purchaser paid the reasonable value of the property; and

(2) the purchase price for the property is applied to the payment of the bona fide claimants who are entitled to liens upon the property under AS 34.35.320--34.35.390.

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Cite this article: FindLaw.com - Alaska Statutes Title 34. Property § 34.35.355. Bona fide purchasers - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-34-property/ak-st-sect-34-35-355/

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