3 AAC 77.020 - Prior owner's right of redemption

(a) Sale of repossessed property acquired by the department is subject to any right of redemption allowed by law.

(b) For the purposes of AS 16.10.337(b), sale of the permit occurs and the right of redemption ends when a contract is formed as described in 3 AAC 77.060(b).

(c) If a contract formed under 3 AAC 77.060 is not fulfilled and no other contract is immediately formed, the prior owner will be notified that redemption will be allowed until another contract is formed.

Notes

3 AAC 77.020

Eff. 3/29/86, Register 97; am 7/4/91, Register 119

Acting under AS 01.05.031, the revisor of statutes renumbered former AS 45.89.070 as AS 45.88.150; former AS 45.90.020(a) as AS 45.81.120; former AS 45.95.010 as AS 45.81.200; former AS 45.95.055 as AS 45.81.230. As of Register 203 (January 2013), the regulations attorney made conforming technical revisions under AS 44.62.125(b)(6) to 3 AAC 77.020 to reflect the statutory renumbering.

Authority:AS 16.10.310(a)

AS 16.10.337

AS 16.10.339

AS 16.10.510(4)

AS 26.15.010

AS 26.15.030

AS 26.15.085

AS 27.09.050

AS 44.33.020(1)

AS 44.33.245(a)

AS 45.81.120

AS 45.81.200

AS 45.81.230

AS 45.88.020(a)

AS 45.88.150

AS 45.98.030(3)