Section 45.50.235. Ownership of unbranded and abandoned timber property.

Latest version.

   (a) Timber property that is unbranded or on which a brand is not distinguishable and that is located in a coastal water, lake, river, creek, or other waterway of the state or on state owned coastline is presumed to be the property of the state. Timber property that is abandoned property as defined in AS 45.50.230(a)(2) is presumed to be the property of the state 90 days after the period of reporting as required in AS 45.50.232 unless an extension has been granted, or 30 days after the period of notice has expired as provided under AS 45.50.234.
   (b) Timber property that becomes state property under the provisions of this section may be sold under terms and conditions established by the director of the division of lands.

Notes

Implemented As

11 AAC 71.410

History

(Sec. 4 ch 168 SLA 1970; am Sec. 3 ch 68 SLA 1975; am Sec. 3 ch 232 SLA 1976; am Sec. 5 ch 73 SLA 1978)

                    
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