Section 34.07.420. Removal of lien against two or more apartments.

   (a) If a lien against two or more apartments becomes effective, the apartment owners of the separate apartments may remove their apartments and the percentage of undivided interest in the common areas and facilities appurtenant to the apartments from the lien by payment of the fractional or proportional amounts attributable to each of the apartments affected.  The individual payments are computed by reference to the percentage appearing on the declaration.
   (b) After payment, discharge, or satisfaction of the lien, the apartment and the percentage of undivided interest in the common areas and facilities appurtenant to it are free and clear of the liens paid, satisfied, or discharged.  The partial payment, satisfaction, or discharge does not prevent the lienor from proceeding to enforce the lienor's rights against any apartment and the percentage of undivided interest in the common areas and facilities appurtenant to it not paid, satisfied, or discharged.

Authorities

34.07.410

Notes

References

AS 34.07.410 Liens against property, apartments, common areas, and facilities.

History

(Sec. 1 ch 44 SLA 1963)