# Alaska Stat. § 38.95.230: Management of escheated real property by department

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.230

## Section

- **Citation:** Alaska Stat. § 38.95.230
- **Heading:** Management of escheated real property by department
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 38 / Chapter 38.95 / Section 38.95.230

## Text

(a) After a judgment of escheat under AS 38.95.220 , the department may sell, lease, exchange, assign, or otherwise manage real property that has escheated to the state. In determining the proper disposition of escheated real property the department shall, within two years after the judgment of escheat under AS 38.95.220 , make a written finding that it is in the best interests of the state either to (1) obtain an appraisal of the fair market value of the real property and sell, lease, exchange, assign, or otherwise manage the property, including retention in state management; or

(2) retain the real property in state management without obtaining an appraisal.

(b) The appraised value of property handled under (a)(1) of this section, or the selling price from a sale under AS 38.05.055 if it is lower, less the expenses of sale or appraisal, is the established value of the property for purposes of redemption by an heir or other taker under AS 38.95.240 (c).

(c) Seven years after the judgment of escheat, real property that has not been otherwise disposed of by the department becomes general state land for classification, disposal, and use.

## Nearby sections

- [Alaska Stat. § 38.95.010 State's interest may not be obtained by adverse possession or prescription.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.010.md)
- [Alaska Stat. § 38.95.050 Land management contracts with Native corporations.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.050.md)
- [Alaska Stat. § 38.95.080 Trapping cabin construction and use permits.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.080.md)
- [Alaska Stat. § 38.95.085 Definitions for AS 38.95.080 and 38.95.085.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.085.md)
- [Alaska Stat. § 38.95.150 Survey of state land.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.150.md)
- [Alaska Stat. § 38.95.160 Improvements on state land.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.160.md)
- [Alaska Stat. § 38.95.200 Real property subject to escheat.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.200.md)
- [Alaska Stat. § 38.95.210 Enforcement of rights by department.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.210.md)
- [Alaska Stat. § 38.95.220 Judgment of escheat.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.220.md)
- [Alaska Stat. § 38.95.230 Management of escheated real property by department.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.230.md)
- [Alaska Stat. § 38.95.240 Time within which to claim escheated real property.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.240.md)
- [Alaska Stat. § 38.95.250 Proceeds of sale or redemption.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.250.md)
- [Alaska Stat. § 38.95.260 Disposition of sale proceeds seven years after the judgment of escheat.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.260.md)
- [Alaska Stat. § 38.95.270 Definition.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.270.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T38_C38.95_S38.95.230. Check the current official text before relying on it. Not legal advice.