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24 chapters · 536 sections in this title.
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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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 executor…
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…