(a) A gift certificate or a credit memo, issued in the ordinary course of an issuer's business, that remains unclaimed by the owner for more than three years after becoming payable or distributable is presumed abandoned.
(b) In the case of a gift certificate, the amount presumed abandoned is the price paid by the purchaser for the gift certificate. In the case of a credit memo, the amount presumed abandoned is the amount credited to the recipient of the memo.
Structure Alaska Statutes
Chapter 45. Unclaimed Property
Sec. 34.45.140. Traveler's checks and money orders.
Sec. 34.45.160. Bank deposits and money in financial organizations.
Sec. 34.45.170. Money owing under life insurance policies.
Sec. 34.45.175. Certain property distributed in insurance company reorganizations.
Sec. 34.45.180. Deposits held by utilities.
Sec. 34.45.190. Refunds held by business associations.
Sec. 34.45.200. Stock and other intangible interests in business associations.
Sec. 34.45.210. Property of business associations held in course of dissolution.
Sec. 34.45.220. Property held by agents and fiduciaries.
Sec. 34.45.230. Property held by courts and public agencies.
Sec. 34.45.240. Gift certificates and credit memos.
Sec. 34.45.260. Contents of safe deposit box or other safekeeping repository.