Alaska Statutes 09.45.260 – Right of action for partition or sale
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Alaska Statutes 09.45.260
- action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- property: includes real and personal property. See Alaska Statutes 01.10.060
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
When several persons own real property as tenants in common, in which one or more of them have an estate of inheritance or for life or years, or when real property is subject to a life estate with remainder over, an action may be brought by one or more of those persons or by the life tenant for a portion of it according to the respective rights of the interested persons, and for a sale of the property or a part of it if it appears that a partition cannot be had without great prejudice to the parties.