Sec. 43.23.210. Fees for processing claims and assignments.

115 words·~1 min read·/ak/title-43/chapter-23/43-23-210

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The department shall by regulation adopted under AS 44.62 (Administrative Procedure Act) establish fees for processing claims on dividends received by the department under AS 43.23.140 , 43.23.160, or 43.23.180 and for processing assignments of dividends received by the department under AS 43.23.200 (b). The fees shall cover the administrative expenses of the department associated with the claims and assignments. Fees shall be deducted from the amount of the dividend remaining after payment of the portion claimed or assigned, or, if the entire dividend is claimed or assigned, the fees shall be deducted before the dividend is paid to the creditor or assignee.

Article 4. Dividend Raffle.