Alaska § 34.45.240 - Gift certificates and credit memos.
Full text of Alaska Alaska Statutes § 34.45.240 — Gift certificates and credit memos., with citation guidance and answers to common questions.
§ 34.45.240. Gift certificates and credit memos.
(a) A gift certificate or a credit memo, issued in the ordinary course of an issuer's business, that remains unclaimed by the owner for more than three years after becoming payable or distributable is presumed abandoned.
(b) In the case of a gift certificate, the amount presumed abandoned is the price paid by the purchaser for the gift certificate. In the case of a credit memo, the amount presumed abandoned is the amount credited to the recipient of the memo.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 34.45.240
What does Alaska Statutes § 34.45.240 cover?
Section 34.45.240 ("Gift certificates and credit memos.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 34.45.240?
A common citation format is "Alaska Statutes § 34.45.240" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 34.45.240 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.