Alaska Statutes.
Title 34. Property
Chapter 40. Fraudulent Transfers, Revocations, and Trusts
Section 40. Invalidating Effect of Provision For Revocation, Determination, or Alteration.
previous: Section 30. Purchasers With Notice.
next: Section 50. Conveyance in Exercise of Power to Revoke and Reconvey.

AS 34.40.040. Invalidating Effect of Provision For Revocation, Determination, or Alteration.

A conveyance or charge of or upon an estate or interest in land containing a provision for the revocation, determination, or alteration of the estate or interest, or a part of it, at the will of the grantor, is void as against subsequent purchasers from the grantor for a valuable consideration of an estate or interest liable to be revoked or determined, although the estate or interest is not expressly revoked, determined, or altered by the grantor by virtue of the power reserved or expressed in a prior conveyance or charge.

All content © 2008 by Touch N' Go/Bright Solutions, Inc.

Note to HTML Version:

This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.