3 AAC 77.020. Prior owner's right of redemption

(a) Sale of repossessed property acquired by the department is subject to any right of redemption allowed by law.

(b) For the purposes of AS 16.10.337 (b), sale of the permit occurs and the right of redemption ends when a contract is formed as described in 3 AAC 77.060(b) .

(c) If a contract formed under 3 AAC 77.060 is not fulfilled and no other contract is immediately formed, the prior owner will be notified that redemption will be allowed until another contract is formed.

History: Eff. 3/29/86, Register 97; am 7/4/91, Register 119

Authority: AS 16.10.310 (a)

AS 16.10.510 (4)

AS 44.33.020 (1)

AS 44.33.245 (a)

AS 45.88.020 (a)

AS 45.89.070

AS 45.90.020 (a)

AS 45.95.010

AS 45.95.055

AS 45.98.030 (3)

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