- Alaska Statutes.
- Title 38. Public Land
- Chapter 95. Miscellaneous Provisions
- Section 250. Proceeds of Sale or Redemption.
previous: Section 240
. Time Within Which to Claim Escheated Real Property.
next: Section 260
. Disposition of Sale Proceeds Seven Years After the Judgment of Escheat.
AS 38.95.250. Proceeds of Sale or Redemption.
- (a) The department shall deposit the proceeds of real property sold under AS 38.95.230
(a)(1) less the expenses of sale, including attorney fees and appraisal and publication costs, in an escheated real
property trust account. The department shall maintain the proceeds in the account for a period of at least seven years
after the date of the judgment of escheat. The department may use money in the trust account to pay claims made under
- (b) All money collected under (a) of this section not required to be kept in the escheated real property trust account
shall be deposited in the general fund.
All content © 2008 by Touch
N' Go/Bright Solutions, Inc.
Note to HTML Version:
This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature
If any errors are found, please e-mail Touch N' Go systems at E-mail. We
hope you find this information useful.