- Alaska Statutes.
- Title 34. Property
- Chapter 45. Unclaimed Property
- Section 460. Interstate Agreements and Cooperation.
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. Interest and Penalties.
AS 34.45.460. Interstate Agreements and Cooperation.
- (a) The department may enter into agreements with other states to exchange information needed to enable this or another
state to audit or otherwise determine unclaimed personal property that this state or another state may be entitled to
subject to a claim of custody. The department may, by regulation, require the reporting of information needed to
enable compliance with agreements made under this section, and prescribe the form for the report.
- (b) To avoid conflicts between the department's procedures and the procedures in other jurisdictions that enact the
Uniform Unclaimed Property Act, the department, so far as is consistent with the purposes, policies, and provisions of
this chapter, shall, before adopting, amending, or repealing regulations, advise and consult with administrators in
other jurisdictions that enact, substantially, the Uniform Unclaimed Property Act, and shall take into consideration
the rules of administrators in other jurisdictions that enact the Uniform Unclaimed Property Act.
- (c) The department may join with other states to seek enforcement of AS 34.45.110
- 34.45.780 against a person who is or may be holding
property reportable under AS 34.45.110
- (d) At the request of another state, the attorney general of this state may bring an action in the name of the other state
in a court of competent jurisdiction to enforce the unclaimed property laws of the other state against a holder in this
state or property laws of the other state against a holder in this state of property subject to escheat or a claim of
abandonment by the other state. An action may be brought under this subsection only if the other state has agreed to
pay expenses incurred by the attorney general of this state in bringing the action.
- (e) The department may request that the attorney general of another state, or another person, bring an action to enforce
this chapter in the other state in the name of the department. This state shall pay all expenses including attorney
fees in an action under this subsection. The department may agree to pay the person bringing the action attorney fees
based in whole or in part on a percentage of the value of property recovered in the action. Expenses paid under this
subsection may not be deducted from the amount that is subject to a claim by the owner under AS 34.45.110
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