(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.
Structure Alaska Statutes
Chapter 45. Unclaimed Property
Article 5. Administration of Abandoned Property.
Sec. 34.45.360. Public sale of abandoned property.
Sec. 34.45.370. Deposit of money and accounting.
Sec. 34.45.380. Filing of claim with department.
Sec. 34.45.390. Claim of another state to recover property.
Sec. 34.45.400. Action to establish claim.
Sec. 34.45.410. Election to take delivery.
Sec. 34.45.420. Destruction or disposition of property having insubstantial commercial value.