If the department determines after investigation that property delivered under this chapter has insubstantial commercial value, the department may destroy or otherwise dispose of the property at any time. An action or proceeding may not be maintained against the state or an officer of the state or against the holder because of an action taken by the department under this section.
AS 34.45.420
Destruction or disposition of property having insubstantial commercial value
Known as the Uniform Unclaimed Property Act
The act spans §§ 34–34 (53 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.