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AK HB360
Bill
Status
2/24/2016
Primary Sponsor
Chris Tuck
Click for details
AI Summary
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Creates a new lien framework for self-storage facilities on stored property, including vehicles, that is superior to vehicle liens under AS 28.10.371 and security interests under AS 45.29.
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Allows facility owners to deny renter access to units after 10 days of nonpayment and take possession of property after 60 days of nonpayment, with proper notice requirements.
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Requires facility owners to provide written notice by certified mail or email, publish or post notices in newspapers or public places, and provide 21 days' notice to vehicle owners and lienholders before disposing of vehicles.
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Mandates that facility owners hire certified appraisers to determine property value and whether items are commercially viable for public auction; commercially viable items must be sold at auction while non-viable items may be donated, sold privately, or discarded.
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Directs proceeds from property sales to be applied in order to: disposal costs, remaining rent owed, and vehicle lienholder claims; excess proceeds must be held for one year for the renter to claim, then belong to the facility owner if unclaimed.
Legislative Description
Self-storage Units; Liens; Sales
Motor Vehicles
Last Action
REFERRED TO LABOR & COMMERCE
2/24/2016