"An Act relating to limitations on actions to quiet title to, eject a person from, or recover real property or the possession of it; relating to adverse possession; and providing for an effective date."

Amends AS 09.10.030 by inserting a new subsection (a) which sets out an exception.

Amends by inserting a new subsection (b), which is referenced as the "exception" in subsection (a); specific language stating that actions may be brought at any time by a property owner that has property rights recorded under AS 40.17.

Amends by inserting new subsection (c), which is conforming language regarding the application of the new subsections;

Amends by deleted specific time frame of "within 10 years" and replacing with "at some time".

Amends AS 09.45.052(a) by adding language that makes provisions for adverse possession claims in the case of boundary disputes.

Amends AS 09.45.052 by adding a new subsection (c) which makes a provision for public utilities to gain easements for utility purposes after 10 years.

Amends by adding a new subsection (d), which makes a provision for the public, state, or political subdivisions of the state to gain interest in land for highways, streets, roads, or trails after 10 years.

Amends by inserting new section in the uncodified laws, stating that as long as court action has not been taken to bar the proceeding, action to quiet title is now allowed.

This is the effective date of the act - which is immediate.