{"data":{"id":"us-ak/as-34.08.510","jurisdiction":"us-ak","citation":"AS 34.08.510","heading":"Applicability.","body":"(a) The provisions of AS 34.08.510 — 34.08.700 apply to all units subject to this chapter, except as provided in (b) of this section or as modified or waived by agreement of purchasers of units in a common interest community in which each unit is restricted to nonresidential use.\n(b) A public offering statement and a resale certificate are not required to be prepared or delivered on\n(1) a gratuitous disposition of a unit;\n(2) a disposition under a court order;\n(3) a disposition by a governmental agency;\n(4) a disposition by foreclosure or deed in lieu of foreclosure;\n(5) a disposition to a dealer;\n(6) a disposition that may be canceled at any time and for any reason by the purchaser without penalty;\n(7) a disposition of a unit in a planned community in which the declaration limits the maximum annual assessment of a unit to not more than $300, as adjusted under AS 34.08.820, if\n(A) the declarant has a reasonable and good faith belief that the maximum stated assessment will be sufficient to pay the expenses of the planned community;\n(B) the declaration cannot be amended to increase the assessment during the period of declarant control without the consent of all unit owners; and\n(C) the planned community is not subject to development rights; or\n(8) a disposition of property by a nonprofit development corporation if that corporation is eligible for assistance from the Neighborhood Reinvestment Corporation organized under 42 U.S.C. 8101 — 42 U.S.C. 8107 (Neighborhood Reinvestment Corporation Act) for neighborhood housing services, neighborhood revitalization, and economic development projects in a community.","path":["Title 34. Property.","Chapter 08. Common Interest Ownership.","Article 4. Protection of Purchasers."],"source_url":"https://www.akleg.gov/basis/statutes.asp#34.08.510","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:18:42Z","sha256":"f96418b6c6e040612c7afadd5e8deac3e659f49b4f975ac3991f0535daa43303","source_id":"us-ak","stale":false,"prev":"us-ak/as-34.08.500","next":"us-ak/as-34.08.520"},"notice":"GroundRules: Original legal text. Not legal advice."}