Alaska Admin. Code tit. 3, § 77.020 – Prior owner's right of redemption | Midpage
§ 3.77.020
Alaska Admin. Code tit. 3, § 77.020
Prior owner's right of redemption
Effective Jul 4, 1991Alaska Register 119(Eff. 3/29/86, Register 97; am 7/4/91, Register 119) | Authority: AS 16.10.310
(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.
(Eff. 3/29/86, Register 97; am 7/4/91, Register 119)