(a) A deed, lease, contract, assignment of permit, or other instrument transferring an appropriation is void as against a subsequent innocent purchaser who in good faith paid a valuable consideration for the appropriation or any portion of it and whose instrument is first filed and recorded under AS 46.15.160(b).
(b) A deed, lease, contract, assignment of permit, or other instrument transferring an appropriation that is recorded under AS 46.15.160(b) is constructive notice of its contents to subsequent purchasers of the appropriation or any portion of it. An unrecorded instrument is valid between the parties to it and as against one who has actual notice of it.
Structure Alaska Statutes
Title 46. Water, Air, Energy, and Environmental Conservation
Article 2. Appropriation and Use of Water.
Sec. 46.15.030. Water reserved to the people.
Sec. 46.15.037. Sale of water by the state.
Sec. 46.15.040. Right to appropriate.
Sec. 46.15.060. Existing rights.
Sec. 46.15.065. Determination of existing rights.
Sec. 46.15.080. Criteria for issuance of permit.
Sec. 46.15.090. Preference in granting permits.
Sec. 46.15.100. Terms of permit.
Sec. 46.15.110. Time for construction and completion.
Sec. 46.15.133. Notices; objections.
Sec. 46.15.140. Abandonment, forfeiture, and reversion of appropriations.
Sec. 46.15.145. Reservation of water.
Sec. 46.15.150. Preferred use.
Sec. 46.15.155. Authorization for temporary use of water.
Sec. 46.15.160. Transfer and change of appropriations.
Sec. 46.15.165. Administrative adjudications.
Sec. 46.15.166. Judicial adjudications.
Sec. 46.15.167. Effect of decision.
Sec. 46.15.168. Other actions.
Sec. 46.15.169. Federal reserved water rights.
Sec. 46.15.170. Effect of recording.