(a) Timber property that is unbranded or on which a brand is not distinguishable and that is located in a coastal water, lake, river, creek, or other waterway of the state or on state owned coastline is presumed to be the property of the state. Timber property that is abandoned property as defined in AS 45.50.230 (a)(2) is presumed to be the property of the state 90 days after the period of reporting as required in AS 45.50.232 unless an extension has been granted, or 30 days after the period of notice has expired as provided under AS 45.50.234.
(b) Timber property that becomes state property under the provisions of this section may be sold under terms and conditions established by the director of the division of lands.
Section: Previous 45.50.210 45.50.220 45.50.230 45.50.232 45.50.234 45.50.235 45.50.237 45.50.240 45.50.250 45.50.260 45.50.270 45.50.280 45.50.290 45.50.300 45.50.310 NextLast modified: November 15, 2016