- Alaska Statutes.
- Title 34. Property
- Chapter 8. Common Interest Ownership
- Section 510. Applicability.
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. Association as Trustee.
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. Liability For Public Offering Statement Requirements.
AS 34.08.510. Applicability.
- (a) The provisions of AS 34.08.510
- 34.08.700 apply to all units subject to this
chapter, except as provided in (b) of this section or as modified or waived by agreement of purchasers of units in a
common interest community in which each unit is restricted to nonresidential use.
- (b) A public offering statement and a resale certificate are not required to be prepared or delivered on
- (1) a gratuitous disposition of a unit;
- (2) a disposition under a court order;
- (3) a disposition by a governmental agency;
- (4) a disposition by foreclosure or deed in lieu of foreclosure;
- (5) a disposition to a dealer;
- (6) a disposition that may be canceled at any time and for any reason by the purchaser without penalty;
- (7) a disposition of a unit in a planned community in which the declaration limits the maximum annual assessment of a unit
to not more than $300, as adjusted under AS 34.08.820
- (A) the declarant has a reasonable and good faith belief that the maximum stated assessment will be sufficient to pay the
expenses of the planned community;
- (B) the declaration cannot be amended to increase the assessment during the period of declarant control without the
consent of all unit owners; and
- (C) the planned community is not subject to development rights; or
- (8) a disposition of property by a nonprofit development corporation if that corporation is eligible for assistance from
the Neighborhood Reinvestment Corporation organized under 42 U.S.C. 8101 - 42 U.S.C. 8107 (Neighborhood Reinvestment
Corporation Act) for neighborhood housing services, neighborhood revitalization, and economic development projects in a
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