- Alaska Statutes.
- Title 34. Property
- Chapter 45. Unclaimed Property
- Section 60. Sale at Public Auction.
previous: Section 50
. Order of Sale.
next: Section 70
. Proceeds of Sale.
AS 34.45.060. Sale at Public Auction.
- (a) The peace officer shall sell the property at public auction to the highest bidder in the manner provided for the sale
of personal property on execution.
- (b) The sale of the property conveys good title superior to all liens, encumbrances, and mortgages, and without right of
redemption; but the owner or mortgagee, at any time before the sale, may redeem the property by claiming it and paying
all charges of the holder against it and all costs incurred or accrued under AS 34.45.010
- 34.45.080 up to and including the date on which the
owner or mortgagee redeems it.
- (c) The proceeds from the sale shall be applied in payment, first, of all reasonable costs of sale, inventory and
publishing, posting, serving and preparing notices, including the district judge's or magistrate's fees and the fees of
the peace officer, and second, of the holder's charges, with interest at the legal rate, against the property.
All content © 2008 by Touch
N' Go/Bright Solutions, Inc.
Note to HTML Version:
This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature
If any errors are found, please e-mail Touch N' Go systems at E-mail. We
hope you find this information useful.