- Alaska Statutes.
- Title 34. Property
- Chapter 45. Unclaimed Property
- Section 200. Stock and Other Intangible Interests in Business Associations.
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. Refunds Held By Business Associations.
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. Property of Business Associations Held in Course of Dissolution.
AS 34.45.200. Stock and Other Intangible Interests in Business Associations.
- (a) Stock or other equity interest in a business association is presumed abandoned five years after the earliest of the
- (1) of the most recent dividend, stock split, or other distribution unclaimed by the owner;
- (2) that a statement of account or other notification or communication concerning the stock or other equity interest was
returned as undeliverable; or
- (3) that the holder of the stock or other equity interest discontinued mailings, notifications, or communications to the
- (b) Unmatured or unredeemed debt of a business association, other than a bearer bond or an original issue discount bond,
is presumed abandoned five years after the date of the most recent interest payment unclaimed by the owner.
- (c) Matured or redeemed debt, including bearer bonds and original issue discount bonds, is presumed abandoned five years
after the date of maturity or redemption.
- (d) At the time property is presumed abandoned under this section, any other property right accrued or accruing to the
owner as a result of the property interest and not previously presumed abandoned is also presumed abandoned.
- (e) A distribution of net margins by a cooperative incorporated under AS 10.25 is presumed abandoned if the distribution remains unclaimed by
the owner for more than one year after the date authorized for the distribution. The distribution presumed abandoned
under this subsection reverts to the cooperative if the cooperative has, at least six months before the proposed date
that the distribution reverts to the cooperative, both
- (1) mailed a notice of the proposed reversion to the last known address of the owner as shown on the cooperative records;
- (2) published notice of the proposed reversion in the manner provided by law or court rule for service of a summons by
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