{"data":{"id":"us-ak/as-30.30.055","jurisdiction":"us-ak","citation":"AS 30.30.055","heading":"Impoundment and disposition of derelict vessel.","body":"(a) A state agency or municipality may impound a derelict vessel by\n(1) securing the vessel in place;\n(2) towing or sailing the vessel to a secure mooring in a location that is authorized by the state agency or municipality; or\n(3) removing the vessel from the water and placing it in storage.\n(b) The state agency or municipality that impounds a vessel may sell, donate, or destroy the vessel if the vessel is not repossessed by the owner or a person with a financial or security interest in the vessel within 20 days after the postmark date of the notice mailed under AS 30.30.045(a). The sale of a vessel may be by public auction or by sealed bids or, if no bids are received, by negotiated sale.\n(c) A state agency or municipality may, by regulation or ordinance, adopt sale or disposal methods that are consistent with the provisions of this chapter.\n(d) A state agency or municipality shall apply the proceeds from the sale of a vessel under this chapter in the following order:\n(1) to the administrative costs associated with impounding the vessel;\n(2) to the costs of towing, handling, and storing the vessel;\n(3) to the administrative costs of conducting the sale;\n(4) to a lienholder to the extent of the lien;\n(5) to the owner of the vessel if the owner can be found; if the owner cannot be found, the balance shall be deposited into the general fund.\n(e) A state agency or municipality shall disperse the proceeds of the sale of a vessel at a public auction under federal law in accordance with federal law.\n(f) The state agency or municipality or its designees, employees, or agents are not liable for the disposition of a vessel to the owner, operator, or any lienholder of the vessel.\n(g) The transfer of title and interest by sale under this section is a transfer by operation of law. However, a bill of sale executed by an authorized seller is satisfactory evidence authorizing the transfer of the title or interest.","path":["Title 30. Navigation, Harbors, Shipping, and Transportation Facilities.","Chapter 30. Derelict Vessels Act; Abandoned Vessels."],"source_url":"https://www.akleg.gov/basis/statutes.asp#30.30.055","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:18:20Z","sha256":"c8db33cc3c80c3c59344e13f7e7ed24b2ce0853d4fd98c0e8c853f12696fd5f7","source_id":"us-ak","stale":false,"prev":"us-ak/as-30.30.050","next":"us-ak/as-30.30.060"},"notice":"GroundRules: Original legal text. Not legal advice."}