- Alaska Statutes.
- Title 34. Property
- Chapter 35. Liens
- Section 355. Bona Fide Purchasers.
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AS 34.35.355. Bona Fide Purchasers.
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
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