In cases of sales in partition, when it appears that a person has a vested or contingent future right or estate in any of the property sold, the court shall determine the proportional value of the contingent or vested right or estate according to the principles of law applicable to annuities and survivorship, and shall direct that portion of the proceeds of the sale to be invested, secured, or paid over in a manner that will protect the rights and interests of the parties.
Structure Alaska Statutes
Title 9. Code of Civil Procedure
Chapter 45. Actions Relating to Real Property
Sec. 09.45.260. Right of action for partition or sale.
Sec. 09.45.270. Lien on undivided interest.
Sec. 09.45.280. Determination of rights of parties.
Sec. 09.45.290. Order for partition or sale.
Sec. 09.45.300. Report of referees.
Sec. 09.45.310. Effect of judgment.
Sec. 09.45.320. Tenant not affected by judgment.
Sec. 09.45.330. Order of sale.
Sec. 09.45.340. Estate of life or years.
Sec. 09.45.350. Reference to determine liens.
Sec. 09.45.360. Appearance of lienholders before referee.
Sec. 09.45.370. Effect of confirmation of report.
Sec. 09.45.380. Application of proceeds from sale of encumbered property.
Sec. 09.45.390. Lienholder having other securities.
Sec. 09.45.400. Distribution of proceeds of sale.
Sec. 09.45.410. Continuation of action to determine claims to proceeds.
Sec. 09.45.420. Sale procedure.
Sec. 09.45.440. Credit security.
Sec. 09.45.450. Disposal of estate for life or years.
Sec. 09.45.460. Compensation for sale of estate for life or years.
Sec. 09.45.470. Determination of value of estate for life or years sold without consent.
Sec. 09.45.480. Rules for determining value.
Sec. 09.45.490. Protection of unknown tenants.
Sec. 09.45.500. Vested or contingent future rights or estate.
Sec. 09.45.510. Separate sales of farms or lots.
Sec. 09.45.530. Report of sale.
Sec. 09.45.540. Confirmation or vacation of sale.
Sec. 09.45.550. Investment of proceeds belonging to unknown or nonresident owner.
Sec. 09.45.560. Security taken and investments made in name of court clerk.
Sec. 09.45.570. Security taken in names of parties when interests ascertained.
Sec. 09.45.580. Duties of clerk in securities and investments.
Sec. 09.45.590. Compensation for unequal partition.
Sec. 09.45.600. Payment to guardian of share of infant.
Sec. 09.45.610. Payment to guardian of share of insane or incompetent person.