Alaska Statutes Sec. 30.30.070 - When Public Auction Not Required

Public auction is not required when the appraised value of an abandoned vessel, as determined by an independent appraiser, is less than $100. The appraiser must have at least one year of experience in the sale, purchase, or appraisal of vessels. Upon that determination and after public advertisement has been made once in a newspaper of general circulation, the state agency or municipality may sell the vessel by negotiation, dispose of it as junk, donate the vessel to a governmental agency, or destroy it.

Section: Previous  30.30.010  30.30.020  30.30.030  30.30.040  30.30.050  30.30.060  30.30.070  30.30.080    Next

Last modified: November 15, 2016