Made available by Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.

You can also go to The Alaska Legal Resource Center or search the entire website search.

Touch N' Go, the DeskTop In-and-Out Board makes your office run smoother. Visit Touch N' Go's Website to see how.
Title 3 . Commerce, Community, and Economic Development
Chapter 77 . Fisheries Enhancement Tax Appropriations
Section 30. Disposal of repossessed property

3 AAC 77.030. Disposal of repossessed property

(a) Unless otherwise prohibited, the department will dispose of all repossessed property by

(1) public auction, including advertised foreclosure sale or U.S. Marshal's sale with or without a minimum bid requirement;

(2) advertised sales through solicitation of competitive offers;

(3) negotiated or private sales, if no acceptable offers are received after advertising under (1) or (2) of this subsection;

(4) destruction;

(5) lease;

(6) lease with an option to purchase;

(7) redemption;

(8) transfer to other state department or agency; or

(9) other manner determined by the department to be in the best interests of the state.

(b) All disposals of repossessed property are made on an "as is, where is" basis, with no implied or expressed warranties of condition.

History: Eff. 3/29/86, Register 97

Authority: AS 16.10.310 (a)

AS 16.10.335

AS 16.10.337

AS 16.10.339

AS 16.10.355

AS 16.10.510 (4)

AS 16.10.555

AS 26.15.010

AS 26.15.030

AS 26.15.040

AS 26.15.085

AS 27.09.050

AS 27.09.055

AS 44.33.020 (1)

AS 44.33.245 (a)

AS 44.33.272

AS 45.87.040

AS 45.87.060

AS 45.88.020 (a)

AS 45.88.050

AS 45.89.050

AS 45.89.070

AS 45.90.020 (a)

AS 45.90.050

AS 45.95.020

AS 45.95.055

AS 45.98.030 (3)

AS 45.98.055

Note to HTML Version:

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006