Alaska Administrative Code
Title 11 - Natural Resources
Part 6 - Lands
Chapter 71 - Timber and Material Sales
Article 2 - Timber and Material Sale Contracts and Operations
11 AAC 71.225 - Termination of contract
Universal Citation: 11 AK Admin Code 71.225
Current through August 30, 2024
If the purchaser breaches a provision of the contract, the director will, in his discretion, give the purchaser written notice of the breach. If, after giving the purchaser notice of the breach, the breach is not remedied in the time specified by the director, the director will, in his discretion, terminate the contract. If the director terminates the contract, title to the timber or material which has not passed to the purchaser vests in the state, and the purchaser is liable for damages sustained by the state arising from the purchaser's breach.
Authority:AS 38.05.020
AS 38.05.110
AS 38.05.115
AS 38.05.120
Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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