Section 45.50.230 - Presumption from display(a) Each piece of timber property put or intended to be put in a coastal water, lake, river, creek, or other waterway of the state for the purpose of rafting or transporting by floating or towing shall display upon at least one end the registered brand and is presumed(1) while in the possession and control of the person in whose name the brand is registered, to be the sole property of that person; and(2) to be "abandoned property" if, 30 days after the time public notice has expired as provided under AS 45.50.234 or 90 days from the date of reporting required under AS 45.50.232 or from the date of expiration of any extended recovery period under AS 45.50.237, it is not in the possession and control of the owner or rightful transporter and is (A) adrift in the water of the state,(B) stranded on the beaches, marshes, tideland, or shoreland of the water of the state, or(C) partially or wholly submerged in the water of the state.(b)[Repealed, Sec. 7 ch 232 SLA 1976].