Alaska Statutes (Last Updated: January 11, 2017)

Section 09.35.230. Redemption by lien creditor from purchaser.

Latest version.

A lien creditor may redeem the property at any time within 60 days after the date of the order confirming the sale on paying the amount of the purchase money, with interest at the rate of eight percent a year from the date of the sale, together with the amount of taxes and the expenses under AS 09.35.300(b) that the purchaser may have paid.  If the purchaser is also a creditor having a lien prior to that of the redemptioner, the redemptioner shall also pay the amount of that lien with interest.  When unpatented mining claims are redeemed, taxes include the annual assessment work required by law to be performed.

Notes

History

(Sec. 15.23 ch 101 SLA 1962; am Sec. 2 ch 24 SLA 1963)

                    
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