Alaska § 34.45.700 - Agreement to locate reported property.
Full text of Alaska Alaska Statutes § 34.45.700 — Agreement to locate reported property., with citation guidance and answers to common questions.
§ 34.45.700. Agreement to locate reported property.
(a) An agreement to pay compensation to locate, deliver, recover, or assist in the recovery of property reported under AS 34.45.280 while in the possession of a holder is unenforceable if made (1) before the date payment or delivery is made under AS 34.45.320 ; or
(2) within 24 months after the date payment or delivery is made under AS 34.45.320 .
(b) An agreement executed after the 24-month period is enforceable only if (1) the fee or compensation is not more than (A) 20 percent of the value of the property if the value of the property is less than $500; and
(B) 10 percent of the value of the property if the value of the property is $500 or more;
(2) the agreement is in writing, signed by the apparent owner, does not exceed six months, and specifies the fees to be charged, nature and value of the property, and the value of the apparent owner's share after the fee or compensation is deducted.
(c) This section does not preclude an owner from asserting that an agreement to locate property is otherwise invalid.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 34.45.700
What does Alaska Statutes § 34.45.700 cover?
Section 34.45.700 ("Agreement to locate reported property.") 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 § 34.45.700?
A common citation format is "Alaska Statutes § 34.45.700" (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 § 34.45.700 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.