(a)Alaska Stat. § 34.45.110 – 34.45.780 do not relieve a holder of a duty that arose before September 7, 1986 to report, pay, or deliver property. A holder who did not comply with the law in effect before September 7, 1986 is subject to the applicable enforcement and penalty provisions that existed before September 7, 1986, and the applicable enforcement and penalty provisions are continued in effect for the purpose of this subsection.
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Terms Used In Alaska Statutes 34.45.720

  • municipality: means a political subdivision incorporated under the laws of the state that is a home rule or general law city, a home rule or general law borough, or a unified municipality. See Alaska Statutes 01.10.060
  • property: includes real and personal property. See Alaska Statutes 01.10.060
(b) The initial report filed under Alaska Stat. § 34.45.280 for property that was not required to be reported before September 7, 1986 but that is subject to Alaska Stat. § 34.45.110 – 34.45.780 must include all items of property that would have been presumed abandoned during the six-year period preceding September 7, 1986, as if Alaska Stat. § 34.45.110 – 34.45.780 had been in effect during that period.
(c)Alaska Stat. § 34.45.110 – 34.45.780 do not apply to a disbursement for the payment of a permanent fund dividend.
(d) Checks, drafts, currency, and tangible property that are found and turned over to, or found and recovered by, a law enforcement agency of a municipality are not subject to Alaska Stat. § 34.45.110 – 34.45.780 if the municipality has adopted an ordinance providing for the custody and disposition of the property.
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