(a) Timber property that is unbranded or on which a brand is not distinguishable and that is located in a coastal water, lake, river, creek, or other waterway of the state or on state owned coastline is presumed to be the property of the state. Timber property that is abandoned property as defined in Alaska Stat. § 45.50.230(a)(2) is presumed to be the property of the state 90 days after the period of reporting as required in Alaska Stat. § 45.50.232 unless an extension has been granted, or 30 days after the period of notice has expired as provided under Alaska Stat. § 45.50.234.
state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(b) Timber property that becomes state property under the provisions of this section may be sold under terms and conditions established by the director of the division of lands.
