Alaska Statutes 10.50.360 – Recovery of property
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 10.50.360
- 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
- property: includes real and personal property. See Alaska Statutes 01.10.060
A limited liability company may recover property transferred under Alaska Stat. § 10.50.355 if the company proves that the execution of the instrument of transfer did not bind the company under Alaska Stat. § 10.50.250, unless the property has been transferred by the initial transferee, or by a person claiming through the initial transferee, to a subsequent transferee who gives value without having notice that the person who signed the instrument of initial transfer lacked authority to bind the company.