The court shall conclusively presume that a party who purchases property on which a lien is claimed, within the time allowed for the filing of the lien, is not an innocent purchaser for value and is not a bona fide owner of the property subject to the lien, unless it appears that
(1) the purchaser paid the reasonable value of the property; and
(2) the purchase price for the property is applied to the payment of the bona fide claimants who are entitled to liens upon the property under AS 34.35.320 - 34.35.390.
Section: Previous 34.35.320 34.35.325 34.35.330 34.35.335 34.35.340 34.35.345 34.35.350 34.35.355 34.35.360 34.35.365 34.35.370 34.35.375 34.35.380 34.35.385 34.35.390 NextLast modified: November 15, 2016