(a) Except as provided under (b) of this section, a written waiver of lien or stop-lending notice of rights created under Alaska Stat. § 34.35.05034.35.120 signed by a claimant requires no consideration and is valid and binding. A waiver permitted under this section may not relate to labor, materials, services, or equipment furnished after the date the waiver is signed by the claimant.

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Terms Used In Alaska Statutes 34.35.117

  • Lien: A claim against real or personal property in satisfaction of a debt.
(b) An individual described in Alaska Stat. § 34.35.120(10) may not waive right to claim a lien under Alaska Stat. § 34.35.05034.35.120. A waiver that purports to waive the lien rights of that individual or class of individuals is void.