Alaska Statutes (Last Updated: January 11, 2017) |
Title 34. PROPERTY. |
Chapter 34.45. UNCLAIMED PROPERTY. |
Article 34.45.05. ADMINISTRATION OF ABANDONED PROPERTY. |
Section 34.45.410. Election to take delivery.
Latest version.
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(a) The department may decline to receive property reported under this chapter. If the department elects not to receive custody of the property, the department shall notify the holder within 120 days after the holder files the report required under AS 34.45.280.
(b) A holder, with the written consent of the department and upon terms prescribed by the department, may report and deliver property before the property is presumed abandoned. Property delivered under this subsection shall be held by the department and is not presumed abandoned until the property would otherwise be presumed abandoned under this chapter.
Notes
History
(Sec. 11 ch 133 SLA 1986)