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Can you summarize AKST 34.45.760?
General Provisions. > Definitions.
Short Summary
This legal document, part of the Alaska Statutes, specifically addresses the general provisions related to unclaimed property. It applies to a wide range of entities including individuals, business associations, banking organizations, financial organizations, insurance companies, utilities, and other legal or commercial entities. The document provides definitions for various terms used in the context of unclaimed property, such as ‘apparent owner,’ ‘holder,’ ‘intangible property,’ and ‘mineral proceeds.’ It also clarifies the scope of ‘property’ and ‘state’ as defined in the document. The document further outlines exemptions, including unused airline tickets, shares of stock issued under the Alaska Native Claims Settlement Act, unclaimed dividends payable on shares of stock, and overpaid contributions by employers to the unemployment compensation fund. However, it does not mention specific penalties for non-compliance or violation of the provisions. Overall, this document sets the foundation for understanding the general provisions related to unclaimed property in Alaska.
Whom does it apply to?
Individuals, business associations, banking organizations, financial organizations, insurance companies, utilities, and other legal or commercial entities
What does it govern?
Alaska Statutes >> Property. >> Unclaimed Property. >> General Provisions
What are exemptions?
Unused airline tickets, shares of stock issued under the Alaska Native Claims Settlement Act, unclaimed dividends payable on shares of stock, and overpaid contributions by employers to the unemployment compensation fund
What are the Penalties?
Penalties for non-compliance or violation of the provisions are not mentioned in the document.
Jurisdiction
Alaska