(a) A deed, lease, contract, assignment of permit, or other instrument transferring an appropriation is void as against a subsequent innocent purchaser who in good faith paid a valuable consideration for the appropriation or any portion of it and whose instrument is first filed and recorded under AS 46.15.160 (b).
(b) A deed, lease, contract, assignment of permit, or other instrument transferring an appropriation that is recorded under AS 46.15.160(b) is constructive notice of its contents to subsequent purchasers of the appropriation or any portion of it. An unrecorded instrument is valid between the parties to it and as against one who has actual notice of it.
Section: Previous 46.15.145 46.15.147 46.15.150 46.15.155 46.15.160 46.15.165 46.15.166 46.15.167 46.15.168 46.15.169 46.15.170 46.15.175 46.15.180 46.15.185 NextLast modified: November 15, 2016