Alaska

Alaska’s unclaimed property law is administered by the Department of Revenue. Understanding key deadlines, dormancy rules, and reporting protocols is essential for remaining in good standing and avoiding penalties.

Overview of Alaska’s Unclaimed Property Law

Under the Alaska Unclaimed Property Act (AS 34.45), businesses and other entities that hold property on behalf of others (referred to as “holders”) are required to report and remit unclaimed property to the Department of Revenue when it reaches the state’s prescribed dormancy period.

Covered property types include:

• Checking and savings accounts
• Uncashed payroll and vendor checks
• Stocks, dividends, and other securities
• Life insurance policy proceeds
• Utility deposits and refunds
• Contents of safe deposit boxes

Holders are responsible for identifying dormant accounts and property, notifying owners through due diligence efforts, and reporting to the state using the NAUPA II format through Alaska’s online reporting portal.

For more foundational information, explore our guide explaining what is escheatment.

Alaska Dormancy Periods

Dormancy periods in Alaska vary by property type. Once the property is considered dormant, holders are obligated to initiate due diligence and, if necessary, remit the property to the state for safekeeping.

For a broader comparison, explore our full escheatment laws by state.

Due Diligence Requirements in Alaska

Before reporting any property to the state, Alaska law requires holders to attempt to contact owners through a due diligence process, particularly for property valued at $100 or more.

Minimum requirements include:

• Mailing a first-class notice to the owner’s last known address no more than 120 days before filing the annual report
• Keeping documentation of all outreach attempts for audit purposes
• While not required, follow-up via email or phone is encouraged to improve outreach effectiveness
  
  

Due diligence is not just a regulatory checklist—it helps restore customer relationships that may have been dormant but are still valuable. Eisen’s escheat mail management tools can streamline and track these efforts with ease.

Alaska Reporting Deadlines and Requirements

Alaska follows a standard annual reporting cadence. Reports must be submitted through the state’s online portal in the NAUPA format.

Key Alaska reporting information:

• Report Period: July 1 - June 30
• Report and Payment Deadline: November 1
• Format: NAUPA II Standard
• Negative Reports: Not required
• Remittance Methods: ACH or wire

For organizations needing more support, Eisen offers automated escheatment services that help ensure submission accuracy and timeliness.

Alaska’s Voluntary Disclosure Program

Alaska does not offer a Voluntary Disclosure Agreement (VDA) program. However, Alaska does offer report extensions with prior approval. Review the Alaska Frequently Asked Questions (FAQ) for more details.

Learn more about maintaining compliance with our unclaimed property guide.

How Eisen Helps You Stay Compliant in Alaska

Navigating Alaska’s escheatment process requires diligence, foresight, and the right technology. That’s where Eisen comes in. Our customizable platform handles the heavy lifting—helping protect your institution and your customers through every stage of the escheatment life cycle.

Here’s how we help:

• Escheatment Manager – Automatically identifies and flags dormant account activity across property types, helping you maintain accuracy over time
• Outreach Manager – Tracks and manages all required due diligence communications before unclaimed property is reported
• Disbursement Manager – Facilitates secure and auditable payments—ensuring property is returned to rightful owners when possible

Whether you're managing escheatment for investment accounts, retirement plans, or healthcare refunds, Eisen offers tools tailored to your compliance landscape.

Transform Alaska Compliance Into an Operational Asset

Unclaimed property compliance can seem like just another box to check. But with the right partner, it becomes an opportunity—one to strengthen processes, demonstrate accountability, and build customer trust.

Eisen ensures you're aligned with Alaska's unclaimed property obligations today and equipped for whatever compliance challenges tomorrow brings.

Start now and take the next step toward reliable, audit-ready compliance.