Title 34 — Property
24 chapters · 562 sections in this title.
AS 34.27.010 Rules against perpetuities modified. [Repealed, § 2 ch 82 SLA 1994. For comparable provisions, see AS 34.27.051 — 34.27.100.]
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[Repealed or reserved.]
AS 34.27.020 Abolition of the common law rule in Shelley's case.
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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…
AS 34.27.030 Abolition of the common law destructibility of contingent remainders.
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Article 2. Rules Against Perpetuities. 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 …
AS 34.27.050 Statutory rule against perpetuities. [Repealed, § 9 ch 17 SLA 2000.]
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[Repealed or reserved.]
AS 34.27.051 Statutory rule against perpetuities.
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(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, th…
AS 34.27.053 Savings provision.
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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) t…
AS 34.27.055 Secs. 34.27.055 — 34.27.065. When nonvested property interest or power of appointment created; reformation; exclusions from statutory rule against perpetuities. [Repealed, § 9 ch 17 SLA 2000.]
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[Repealed or reserved.]
AS 34.27.070 Application.
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(a) Except as extended by (b) of this section, the former provisions of AS 34.27.051 — 34.27.100 apply to a nonvested property interest or a power of appointment that is created on or after January 1, 1996, and before April 2, 1997. For purposes of this subsection, a nonvested pr…
AS 34.27.075 Relationship to common law rule.
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AS 34.27.051 — 34.27.100 supersede the rule of the common law known as the rule against perpetuities. The common law rule against perpetuities does not apply in this state.
AS 34.27.090 Short title and uniformity of application and construction. [Repealed, § 9 ch 17 SLA 2000.]
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[Repealed or reserved.]
AS 34.27.100 Suspension of the power of alienation.
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(a) A future interest or trust is void if, as to property subject to the future interest or trust, (1) the future interest or trust suspends the power of alienation of the property, the suspension of the power of alienation is for a period of at least 30 years after the death of …