reglab/housing_qa huggingface dataset:
AK Stat § 34.17.040 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 17. Conservation and Public Recreational Use Easements|Article 1. Uniform Conservation Easement Act.|Sec. 34.17.040. Applicability.

(a) AS 34.17.010 - 34.17.060 apply to an interest created on or after May 31, 1989 that complies with AS 34.17.010 - 34.17.060, whether designated as a conservation easement or as a covenant, equitable servitude, restriction, easement, or otherwise. (b) AS 34.17.010 - 34.17.060 apply to an interest created before May 31, 1989 if the interest would have been enforceable if it had been created after May 31, 1989 unless the retroactive application contravenes the constitution or laws of the state or the United States. (c) AS 34.17.010 - 34.17.060 do not invalidate an interest, whether designated as a conservation or preservation easement or as a covenant, equitable servitude, restriction, easement, or otherwise, that is enforceable under the law of the state.
AK Stat § 34.17.050 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 17. Conservation and Public Recreational Use Easements|Article 1. Uniform Conservation Easement Act.|Sec. 34.17.050. Uniformity of application and construction.

This chapter shall be applied and construed to effectuate its general purpose to make uniform the laws with respect to the subject of the chapter among states enacting it.
AK Stat § 34.17.055 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 17. Conservation and Public Recreational Use Easements|Article 1. Uniform Conservation Easement Act.|Sec. 34.17.055. Tort immunity from personal injuries or death arising out of the use of land subject to a conservation easement.

(a) In addition to the immunity provided by AS 09.65.200, an owner of land, a portion of which is subject to a conservation easement that is 50 feet or less in width, that has been granted to and accepted by the state or a municipality, and that provides public access for recreational purposes on the land subject to the conservation easement is not liable in tort, except for an act or omission that constitutes gross negligence or reckless or intentional misconduct, for damages to a person who uses the easement to enter onto or remain on the land if (1) the person had no responsibility to compensate the owner for the person's use of the easement or the land; and (2) the damages arise out of the person's use of the easement for recreational purposes on the land. (b) The immunity under (a) of this section extends to the grantee of the conservation easement providing public access to the land for recreational purposes.
AK Stat § 34.17.060 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 17. Conservation and Public Recreational Use Easements|Article 1. Uniform Conservation Easement Act.|Sec. 34.17.060. Definitions.

In AS 34.17.010 - 34.17.060, (1) “conservation easement” means a nonpossessory interest of a holder in real property imposing limitations or affirmative obligations to retain or protect natural, scenic, or open space values of real property, ensure its availability for agricultural, forest, recreational, or open space use, protect natural resources, maintain or enhance air or water quality, or preserve the historical, architectural, archaeological, or cultural aspects of real property; (2) “holder” means (A) a governmental body empowered to hold an interest in real property under the laws of the state or the United States; or (B) a nonprofit corporation, charitable corporation, charitable association, or charitable trust exempted from taxation under 26 U.S.C. 501(c)(3) and empowered to retain or protect the natural, scenic, or open space values of real property, ensure the availability of real property for agricultural, forest, recreational, or open space use, protect natural resources, maintain or enhance air or water quality, or preserve the historical, architectural, archaeological, or cultural aspects of real property; (3) “third-party right of enforcement” means a right provided in a conservation easement to enforce any of its terms granted to a governmental body, nonprofit corporation, charitable corporation, charitable association, or charitable trust that is not a holder.
AK Stat § 34.17.100 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 17. Conservation and Public Recreational Use Easements|Article 2. Public Recreational Use Easements.|Sec. 34.17.100. Public recreational use easements.

(a) A public recreational use easement may be created for the purposes of AS 09.65.202 by recording the grant of the easement in the recorder's office for the recording district where the land affected by the easement is located. The grant of the public recreational use easement must (1) be on a form provided by the Department of Natural Resources; (2) identify the land affected; (3) set out restrictions, conditions, or reservations affecting the easement, including terms addressing duration or termination of the easement, if any; and (4) state that the purpose of the easement is to make the land available for public recreational activity. (b) The easement granted under (a) of this section may be a conservation easement under AS 34.17.010 - 34.17.060 (Uniform Conservation Easement Act).
AK Stat § 34.20.010 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 1. Mortgages.|Sec. 34.20.010. Recording assignment of mortgage.

The recording of the assignment of a mortgage is not in itself considered notice of the assignment to the mortgagor or the heirs or personal representatives of the mortgagor, so as to invalidate a payment made by one or more of them to the mortgagee.
AK Stat § 34.20.030 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 1. Mortgages.|Sec. 34.20.030. Recording of discharge upon certificate of mortgagee.

A mortgage may be discharged upon the record of the mortgage by the recorder who has custody of the record when there is presented to the recorder a certificate executed by the mortgagee or the personal representatives or assigns of the mortgagee, acknowledged or proved and certified in the manner prescribed in AS 34.15 to entitle conveyances to be recorded, specifying that the mortgage is paid or otherwise satisfied or discharged.
AK Stat § 34.20.040 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 1. Mortgages.|Sec. 34.20.040. Recording certificate.

A certificate of discharge provided for in AS 34.20.030 and the proof or acknowledgment of the certificate shall be recorded at full length. A reference shall be made to the book and page containing the record of the certificate or the serial number of the record of the certificate in the entry of the discharge of the mortgage made by the recorder upon the record of the discharge.
AK Stat § 34.20.050 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 1. Mortgages.|Sec. 34.20.050. Penalty for failure to discharge mortgage or execute certificate.

If a mortgagee, or personal representatives, successors in interest or assigns of the mortgagee, after full performance of the condition of the mortgage, whether before or after a breach, for 10 days after being so requested in writing, and after tender of the reasonable charges, neglects or refuses to discharge the mortgage, or to execute and acknowledge a certificate of discharge or release of the mortgage, the mortgagee is liable to the mortgagor, the heirs, successors in interest, representatives or assigns of the mortgagor, in the sum of $300 damages, and also for all damages occasioned by the neglect or refusal.
AK Stat § 34.20.060 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 1. Mortgages.|Sec. 34.20.060. Definition.

In AS 34.20.010 - 34.20.060, “conveyance” includes every instrument in writing by which an estate or interest in real property is created, alienated, mortgaged, or encumbered, or by which the title to real property is affected, except a will.
AK Stat § 34.20.090 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 2. Deeds of Trust.|Sec. 34.20.090. Title, interest, possessory rights, and redemption.

(a) The sale and conveyance transfers all title and interest that the party executing the deed of trust had in the property sold at the time of its execution, together with all title and interest that party may have acquired before the sale, and the party executing the deed of trust or the heirs or assigns of that party have no right or privilege to redeem the property, unless the deed of trust so declares. (b) The purchaser at a sale and the heirs and assigns of the purchaser are, after the execution of a deed to the purchaser by the trustee, entitled to the possession of the premises described in the deed as against the party executing the deed of trust or any other person claiming by, through or under that party, after recording the deed of trust in the recording district where the property is located. (c) A recital of compliance with all requirements of law regarding the mailing or personal delivery of copies of notices of default in the deed executed under a power of sale is prima facie evidence of compliance with the requirements. The recital is conclusive evidence of compliance with the requirements in favor of a bona fide purchaser or encumbrancer for value and without notice.
AK Stat § 34.20.100 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 2. Deeds of Trust.|Sec. 34.20.100. Deficiency judgment prohibited.

When a sale is made by a trustee under a deed of trust, as authorized by AS 34.20.070 - 34.20.130, no other or further action or proceeding may be taken nor judgment entered against the maker or the surety or guarantor of the maker, on the obligation secured by the deed of trust for a deficiency.
AK Stat § 34.20.110 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 2. Deeds of Trust.|Sec. 34.20.110. Trust deeds recorded as mortgages.

For the purposes of record, a deed of trust, given to secure an indebtedness, shall be treated as a mortgage of real estate, and recorded in full in the book provided for mortgages of real property. The person who makes or executes the deed of trust shall be indexed as “mortgagor,” and the trustee and the beneficiary or cestui que trust, as the “mortgagees.”
AK Stat § 34.20.120 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 2. Deeds of Trust.|Sec. 34.20.120. Substitution of trustee.

(a) The trustee under a trust deed upon real property given to secure an obligation to pay money and conferring no duties upon the trustee other than the duties that are incidental to the exercise of the power of sale conferred in the deed may be substituted by recording in the mortgage records of the recording district in which the property is located a substitution executed and acknowledged by (1) all the beneficiaries under the trust deed, or their successors in interest; or (2) the attorneys for all of the beneficiaries or the attorneys for all of the beneficiaries' successors in interest. (b) The substitution must contain (1) the date of execution of the trust deed; (2) the names of the trustee, trustor, and beneficiary, and, if the substitution is executed by the attorney for the beneficiary or successor in interest to the beneficiary, the name, address, and Alaska Bar Association identification number of the attorney; (3) the book and page where the trust deed is recorded or the serial number assigned to the trust deed by the recorder; (4) the name of the new trustee; and (5) an acknowledgment signed and acknowledged by the trustee named in the trust deed of a receipt of a copy of the substitution, or an affidavit of service of a copy of it. (c) From the time the substitution is filed for record, the new trustee succeeds to all the powers, duties, authority, and title of the trustee named in the deed of trust. (d) When a title insurance company authorized to do business by a certificate of authority granted under AS 21.66 has been purchased by, merged into, or consolidated with, or has transferred all or substantially all of its business assets to, another authorized title insurance company, the surviving or successor company, by operation of law, succeeds to the duties of the predecessor company granted to that predecessor as trustee in any trust deed described in (a) of this section.
AK Stat § 34.20.125 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 2. Deeds of Trust.|Sec. 34.20.125. Trustee bond required.

(a) Before performing the duties of a trustee under AS 34.20.070 and 34.20.080, a person shall obtain a surety bond in the amount of $100,000 to protect the trustors and beneficiaries of trust deeds against fraud or defalcation by the trustee in the performance of the duties. (b) The bond required by (a) of this section must be a bond that is terminable at any time by the surety by sending written notice by first class United States mail to the obligee and the principal at the address for each that is last known by the surety, and to the department. The bond terminates when 45 days have expired after the date the notice is mailed. The surety is not liable for an act or omission of the principal that occurs after the termination. The surety is not liable after the termination for more than the face amount of the bond, regardless of the number of claims made against the bond or the number of years the bond remains in force. A revision of the amount of the bond is not cumulative. (c) If a bond terminates under (b) of this section, the person who obtained the bond under (a) of this section shall give notice of the bond's termination to the department and may not act as a trustee until the person obtains another bond under (a) of this section. (d) Each year, a trustee shall file evidence of the bond with the department. The department shall verify that the evidence is satisfactory to indicate the existence of the bond, keep an updated list of trustees who are bonded, and make the evidence and the list available to the public for inspection. The department may charge the trustee a reasonable fee for verifying the existence of the bond and maintaining the records required by this subsection. (e) The bonding requirements of this section do not apply to (1) a state agency, including the Alaska Housing Finance Corporation and the Alaska Industrial Development and Export Authority; or (2) an attorney who is licensed to practice law in this state and is an active member of the Alaska Bar. (f) In this section, “department” means the Department of Commerce, Community, and Economic Development.
AK Stat § 34.20.130 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 2. Deeds of Trust.|Sec. 34.20.130. Recording assignment, subordination, or waiver.

(a) The following instruments may be recorded: (1) an assignment of the beneficial interest under a deed of trust; or (2) an instrument by which a deed of trust of real property is subordinated or waived as to priority. (b) From the time it is filed for record, the instrument operates as constructive notice to all persons.
AK Stat § 34.20.135 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 2. Deeds of Trust.|Sec. 34.20.135. Definition.

In AS 34.20.070 - 34.20.130, “real property” or “property” includes an interest in real property.
AK Stat § 34.20.140 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 3. Miscellaneous Provisions.|Sec. 34.20.140. Recording memorandum extending lien.

Where the payment of an existing contract (a bill of exchange, promissory note, bond, or other evidence of indebtedness) is secured by an instrument creating a lien upon real estate, payment on the contract does not extend the lien beyond its original or extended period as against subsequent purchasers, optionees, mortgagees, creditors, or persons acquiring a lien upon the real estate, unless (1) a memorandum of the payment is recorded in the office of the recording district where the property is located; (2) the memorandum is recorded before the end of the statutory time for bringing an action upon the existing contract and extensions as exhibited by the terms of the recorded instrument; and (3) the memorandum is signed and acknowledged by the owner or the representative of the owner of the existing contract of indebtedness.
AK Stat § 34.20.150 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 3. Miscellaneous Provisions.|Sec. 34.20.150. Maturity of lien.

(a) The date of maturity of an instrument creating a lien upon real property is considered to be 10 years from the date of the instrument, unless (1) the period of the instrument is disclosed by the terms of the instrument; or (2) another instrument extending the period of the first instrument or a memorandum of payment of the first instrument is recorded. (b) When an existing recorded instrument is recorded before March 26, 1955, which creates a lien upon real property but which does not disclose the period of the instrument, another instrument extending the period of the first instrument, or a memorandum of payment of the first instrument may be recorded before January 1, 1956.
AK Stat § 34.20.160 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 20. Mortgages and Trust Deeds|Article 3. Miscellaneous Provisions.|Sec. 34.20.160. Notice of other remedies.

(a) When a lender uses a note as evidence of an obligation secured by a mortgage or deed of trust, the note must affirmatively advise the mortgagor or trustor and any other party bound by the note if the mortgagee or beneficiary wants the option to bring suit directly on the note to collect an amount owing under the note without first foreclosing the mortgage or deed of trust. This option must be stated in writing within the note or as a separate document. If a note executed after May 24, 1988 fails to contain the notice specified in this section, the debt secured by the mortgage or deed of trust may be foreclosed under AS 09.45.170 - 09.45.220 or AS 34.20.070 - 34.20.135. (b) If the mortgagee or beneficiary wishes to collect an amount owing under the note without first foreclosing the mortgage or deed of trust, the following language is sufficient in the note:The mortgagor or trustor (borrower) is personally obligated and fully liable for the amount due under the note. The mortgagee or beneficiary (lender) has the right to sue on the note and obtain a personal judgment against the mortgagor or trustor for satisfaction of the amount due under the note either before or after a judicial foreclosure of the mortgage or deed of trust under AS 09.45.170 - 09.45.220.
AK Stat § 34.27.020 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 27. Modification or Abolition of Common Law Property Rules|Article 1. Miscellaneous Common Law Rules Abolished.|Sec. 34.27.020. Abolition of the common law rule in Shelley's case.

If real property is granted or devised to a person and after the person's death, to the person's heirs or the heirs of the person's body, however the grant or devise is expressed, an estate for life only vests in the person, and a remainder goes to the person's heirs or the heirs of the person's body as purchasers.
AK Stat § 34.27.030 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 27. Modification or Abolition of Common Law Property Rules|Article 1. Miscellaneous Common Law Rules Abolished.|Sec. 34.27.030. Abolition of the common law destructibility of contingent remainders.

A contingent remainder is not defeated by the termination of a precedent estate before the occurrence of the contingency that was to cause the remainder to take effect. If the contingency occurs later, the remainder takes effect in the same way as a springing or shifting executory interest.
AK Stat § 34.27.051 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 27. Modification or Abolition of Common Law Property Rules|Article 2. Rules Against Perpetuities.|Sec. 34.27.051. Statutory rule against perpetuities.

(a) A general or nongeneral power of appointment not presently exercisable because of a condition precedent is invalid unless, within a period of 1,000 years after its creation, either the power is irrevocably exercised or the power terminates. For purposes of this subsection, the period in which the power must be exercised or the power terminated is computed from the time of creation of the original power of appointment under which a subsequent general power of appointment not presently exercisable or a subsequent nongeneral power of appointment not presently exercisable was created. (b) If a nongeneral power of appointment is exercised to create a new presently exercisable general power of appointment, all property interests subject to that new presently exercisable general power of appointment are invalid unless, within 1,000 years after the creation of the new presently exercisable general power of appointment, the property interests that are subject to the new presently exercisable general power of appointment either vest or terminate. (c) If a nongeneral power of appointment is exercised to create a new or successive nongeneral power of appointment or a new or successive testamentary general power of appointment, all property interests subject to the exercise of that new or successive nongeneral or testamentary general power of appointment are invalid unless, within 1,000 years from the time of creation of the original instrument or conveyance creating the original nongeneral power of appointment that is exercised to create a new or successive nongeneral or testamentary general power of appointment, the property interests that are subject to the new or successive nongeneral or testamentary general power of appointment either vest or terminate.
AK Stat § 34.27.053 (2021)
2021 Alaska Statutes|Title 34. Property|Chapter 27. Modification or Abolition of Common Law Property Rules|Article 2. Rules Against Perpetuities.|Sec. 34.27.053. Savings provision.

A property interest that, under AS 34.27.051, becomes invalid shall, upon the expiration of the 1,000-year period set out in AS 34.27.051, (1) if income from the property interest is payable (A) to one person, be distributed to the person to whom the income is then payable; (B) to more than one person, be distributed to the persons to whom the income is then payable (i) in the shares to which the persons are entitled to the income; or (ii) equally among all persons who are entitled to the income if shares are not specified; (2) if income from the property interest is payable in the discretion of a trustee and is payable (A) to one person, be distributed to the person then eligible to receive the income; or (B) to more than one person, be distributed to the persons then eligible to receive the income (i) in the shares to which the persons are entitled to the income; or (ii) equally among all persons who are entitled to the income if shares are not specified; or (3) when there is no person then living to whom the property interest may be distributed under (1) or (2) of this section, be payable to one or more organizations described in 26 U.S.C. 2055(a) (Internal Revenue Code), or to one or more organizations described in any successor provision to 26 U.S.C. 2055(a), in the shares or proportions that the trustee or trustees then acting may determine.