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- Alaska Statutes.
- Title 9. Code of Civil Procedure
- Chapter 38. Alaska Exemptions Act
- Section 60. Tracing Exempt Property.
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. Claims Enforceable Against Exempt Property.
AS 09.38.060. Tracing Exempt Property.
- (a) If property, or a part of it, that could have been claimed as an exempt homestead under AS 09.38.010
, a burial plot under AS 09.38.015(a)(1), a health aid
under AS 09.38.015
(a)(2), or personal property subject to a value limitation under AS 09.38.020
(a)(1), or (2) or 09.38.020(c), has been taken or sold
by condemnation, or has been lost, damaged, or destroyed and the owner has been indemnified for it, the individual is
entitled to an exemption of proceeds that are traceable for 12 months after the proceeds are received. An individual
is entitled to an exemption of proceeds from the voluntary sale of an exempt homestead under AS 09.38.010
that are traceable for six months after the proceeds are received. The exemption of proceeds under this subsection
does not entitle the individual to claim an aggregate exemption in excess of the value limitation otherwise allowable
under AS 09.38.010
- (b) Money or other property and proceeds exempt under this chapter are traceable under this section by application of the
principle of first-in first-out, last-in first-out, or any other reasonable basis for tracing selected by the
individual claiming the exemption.
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