- Alaska Statutes.
- Title 30. Navigation, Harbors, and Shipping
- Chapter 30. Abandoned and Derelict Vessels
- Section 70. When Public Auction Not Required.
previous: Section 60
. Possession By Interested Party.
next: Section 80
. Effect of Sale.
AS 30.30.070. When Public Auction Not Required.
Public auction is not required when the appraised value of an abandoned vessel, as determined by an independent
appraiser is less than $100. The appraiser must have at least one year of experience in the sale, purchase, or
appraisal of vessels. Upon that determination and after public advertisement has been made once in a newspaper of
general circulation, the department may sell the vessel by negotiation, dispose of it as junk, donate the vessel to a
governmental agency, or destroy it.
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