Denali Federal Credit Union v. Lange

OPINION

COMPTON, Chief Justice.

I. INTRODUCTION

Denali Federal Credit Union (Denali) appeals the superior court’s denial of its motion for a writ of execution. We reverse.

II. FACTS AND PROCEEDINGS

In May 1985 Denali (formerly the Alaska Railroad Federal Credit Union) filed a civil action against William Lange, Lange’s business partner Ted Hanson, and their partnership, Nugget Properties. Denali alleged the defendants were in default on loans totaling over $1 million.

In August 1985 William Lange conveyed his interest in four properties to his wife, Susanne Lange, for $10. She, in return, assumed…