AS 34.07.340

Ownership of property upon removal from the provisions of this chapter

Known as the Horizontal Property Regimes Act

The act spans §§ 34–34 (47 sections).

(a) Upon removal of the property from the provisions of this chapter, the property is owned in common by the apartment owners.

(b) The undivided interest in the property owned in common that appertains to each apartment owner is the percentage of the undivided interest previously owned by the owners in the common areas and facilities.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.