(a) Except as otherwise provided in Alaska Stat. § 34.45.120 – 34.45.780, all intangible property, including income or increment derived from the property, less lawful charges, that is held, issued, or owing in the ordinary course of a holder’s business and has remained unclaimed by the owner for more than three years after becoming payable or distributable is presumed abandoned.
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Terms Used In Alaska Statutes 34.45.110

  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • property: includes real and personal property. See Alaska Statutes 01.10.060
(b) Property is payable or distributable for the purposes of Alaska Stat. § 34.45.120 – 34.45.780 even if the owner failed to demand the property or to present an instrument or document required to receive payment of the property.
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