{"data":{"id":"us-ak/as-34.20.140","jurisdiction":"us-ak","citation":"AS 34.20.140","heading":"Recording memorandum extending lien.","body":"Where the payment of an existing contract (a bill of exchange, promissory note, bond, or other evidence of indebtedness) is secured by an instrument creating a lien upon real estate, payment on the contract does not extend the lien beyond its original or extended period as against subsequent purchasers, optionees, mortgagees, creditors, or persons acquiring a lien upon the real estate, unless\n(1) a memorandum of the payment is recorded in the office of the recording district where the property is located;\n(2) the memorandum is recorded before the end of the statutory time for bringing an action upon the existing contract and extensions as exhibited by the terms of the recorded instrument; and\n(3) the memorandum is signed and acknowledged by the owner or the representative of the owner of the existing contract of indebtedness.","path":["Title 34. Property.","Chapter 20. Mortgages and Trust Deeds.","Article 3. Miscellaneous Provisions."],"source_url":"https://www.akleg.gov/basis/statutes.asp#34.20.140","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:18:42Z","sha256":"e1511cc8b93fc5f2a5036e90d75f79c1b2da9c3b1863a840d386a38f4b7def04","source_id":"us-ak","stale":false,"prev":"us-ak/as-34.20.135","next":"us-ak/as-34.20.150"},"notice":"GroundRules: Original legal text. Not legal advice."}