Alaska Statutes 34.40.060 – Conveyance before accrual of right to execute power of revocation
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Terms Used In Alaska Statutes 34.40.060
- conveyance: as used in this chapter , shall be construed to embrace every instrument in writing except a last will and testament, of whatever form and by whatever name it may be known in law, by which an estate or interest in land is created, aliened, assigned, or surrendered. See Alaska Statutes 34.40.130
- person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
If a conveyance to a purchaser under either Alaska Stat. § 34.40.040 or 34.40.050 is made before the person making the conveyance is entitled to execute the power of revocation, it nevertheless is valid from the time the power of revocation actually vests in the person, in the same manner and to the same extent as if then made.