Alaska § 44.81.300 - Unclaimed distributions, redemptions, or payments.
Full text of Alaska Alaska Statutes § 44.81.300 — Unclaimed distributions, redemptions, or payments., with citation guidance and answers to common questions.
§ 44.81.300. Unclaimed distributions, redemptions, or payments.
The bank may revoke a distribution of net proceeds by the bank or a redemption of or payment based upon an allocation of proceeds or upon capital stock issued by the bank if the distribution, redemption, or payment remains unclaimed six years after the date authorized for payment, redemption, or retirement. The amount revoked may revert to an unallocated capital account of the bank if, at least six months before the declared date of revocation, the bank has mailed to the last known address of the person shown by the bank's records to be entitled to the amount a notice that the payment is available to the person; if the address is unknown, the bank shall publish the notice as provided by law for the publication of a summons. A distribution, redemption, or payment subject to this section is not subject to AS 34.45.110 — 34.45.780.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 44.81.300
What does Alaska Statutes § 44.81.300 cover?
Section 44.81.300 ("Unclaimed distributions, redemptions, or payments.") 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 § 44.81.300?
A common citation format is "Alaska Statutes § 44.81.300" (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 § 44.81.300 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.