Sec. 34.35.275. Bona fide purchasers.
96 words·~1 min read·
/ak/title-34/chapter-35/34-35-275·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 34.35.275. Bona fide purchasers.
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.