- Alaska Statutes.
- Title 34. Property
- Chapter 45. Unclaimed Property
- Section 50. Order of Sale.
previous: Section 40
. Presale Inventory and Notice.
next: Section 60
. Sale at Public Auction.
AS 34.45.050. Order of Sale.
- (a) If the owner or person entitled to the possession of the property, before the date specified in the notice, fails to
redeem it as provided in AS 34.45.060
, the district judge or magistrate, upon verified proof that the service or publication is filed with the court, shall
enter an order directing the sale of the property at public auction on a date not less than 10 days after the order to
satisfy all charges and costs.
- (b) The holder or the holder's agent shall give public notice of sale by posting, within five miles of the place of sale,
in three public places, one of which shall be the nearest post office if within that distance, a notice that the
property will be sold at public auction. The notice must also contain a reasonably correct description of the property,
the name and residence of the owner if known, the name and residence of the holder, and the time and place of sale.
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