# Alaska Stat. § 34.45.070: Proceeds of sale

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.070

## Section

- **Citation:** Alaska Stat. § 34.45.070
- **Heading:** Proceeds of sale
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 34 / Chapter 34.45 / Section 34.45.070

## Text

(a) The peace officer, upon completion of the sale of the property, shall make and file with the district judge or magistrate a verified, written return of the conduct of the sale and of the application of the proceeds derived from it, and shall pay all money in excess of costs and charges to the district judge or magistrate.

(b) The district judge or magistrate shall hold the money in trust for the owner of the property and shall pay it to the owner upon the latter's making a written, verified claim to it, with proof of ownership, within one year after the date of the sale. If no claim is made within one year after the date of the sale, the district judge or magistrate shall immediately pay the excess proceeds to the Department of Revenue. Excess proceeds that are required to be paid over to the Department of Revenue under this section are subject to AS 34.45.280 and 34.45.330 — 34.45.780.

## Nearby sections

- [Alaska Stat. § 34.45.010 Record of consignee or bailee.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.010.md)
- [Alaska Stat. § 34.45.020 Consignee's or bailee's notice to owner.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.020.md)
- [Alaska Stat. § 34.45.030 Sale.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.030.md)
- [Alaska Stat. § 34.45.040 Presale inventory and notice.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.040.md)
- [Alaska Stat. § 34.45.050 Order of sale.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.050.md)
- [Alaska Stat. § 34.45.060 Sale at public auction.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.060.md)
- [Alaska Stat. § 34.45.070 Proceeds of sale.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.070.md)
- [Alaska Stat. § 34.45.080 Sale of perishable property.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.080.md)
- [Alaska Stat. § 34.45.085 Definition.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.085.md)
- [Alaska Stat. § 34.45.110 General rule for property presumed abandoned.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.110.md)
- [Alaska Stat. § 34.45.120 General rules for taking custody of unclaimed intangible property.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.120.md)
- [Alaska Stat. § 34.45.140 Traveler's checks and money orders.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.140.md)
- [Alaska Stat. § 34.45.150 Checks, drafts, and similar instruments issued or certified by banking and financial organizations.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.150.md)
- [Alaska Stat. § 34.45.160 Bank deposits and money in financial organizations.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.160.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T34_C34.45_S34.45.070. Check the current official text before relying on it. Not legal advice.