- Alaska Statutes.
- Title 30. Navigation, Harbors, and Shipping
- Chapter 30. Abandoned and Derelict Vessels
- Section 60. Possession By Interested Party.
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. Public Auction.
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. When Public Auction Not Required.
AS 30.30.060. Possession By Interested Party.
A person having an interest in an abandoned vessel may take possession of it before the date of the public auction upon
payment to the department of all port or harbor use fees, towing, handling, storage, appraisal, advertising, and any
other expenses incurred by the department in connection with the vessel. If the person taking possession of the vessel
is not the registered owner, the person shall, before taking possession of the vessel, pay the expenses incurred by the
department and post adequate security which may not exceed the appraised value of the vessel. The security, if not
forfeited, shall be returned to the person one year after receipt.
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