- Alaska Statutes.
- Title 29. Municipal Government
- Chapter 45. Municipal Taxation
- Section 450. Deed to Borough or City.
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. Disposition and Sale of Foreclosed Property.
AS 29.45.450. Deed to Borough or City.
- (a) Unredeemed property in the area of the borough outside all cities is deeded to the borough by the clerk of the court.
Unredeemed property in a city is deeded to the city subject to the payment by the city of unpaid borough taxes and
costs of foreclosure levied against the property before foreclosure. The deed shall be recorded in the recording
district in which the property is located.
- (b) Conveyance gives the municipality clear title, except for prior recorded tax liens of the United States and the state.
- (c) If unredeemed property lies in a city and if the city has no immediate public use for the property but the borough
does have an immediate public use, the city shall deed the property to the borough. If unredeemed property lies in the
borough outside all cities and if the borough does not have an immediate public use for the property but a city does
have an immediate public use, the borough shall deed the property to the city.
- (d) A deed is not invalid for irregularities, omissions, or defects in the proceedings under this chapter unless the
former owner has been misled so as to be injured. Two years after the date of the deed, its validity is conclusively
presumed and a claim of the former owner or other person having an interest in the property is forever barred.
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