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.
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.