Alaska Statutes 13.12.607 – Nonexoneration
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 13.12.607
- Devise: To gift property by will.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
A specific devise passes subject to any mortgage interest existing at the date of death, without right of exoneration, regardless of a general directive in the will to pay debts.