Alaska Statutes (Last Updated: January 11, 2017) |
Title 34. PROPERTY. |
Chapter 34.45. UNCLAIMED PROPERTY. |
Article 34.45.05. ADMINISTRATION OF ABANDONED PROPERTY. |
Section 34.45.420. Destruction or disposition of property having insubstantial commercial value.
Latest version.
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If the department determines after investigation that property delivered under this chapter has insubstantial commercial value, the department may destroy or otherwise dispose of the property at any time. An action or proceeding may not be maintained against the state or an officer of the state or against the holder because of an action taken by the department under this section.
Notes
History
(Sec. 11 ch 133 SLA 1986)