Alaska Administrative Code
Title 11 - Natural Resources
Part 6 - Lands
Chapter 82 - Mineral Leasing Procedure
Article 6 - Miscellaneous Leasing Procedure
11 AAC 82.630 - Responsibility
Current through November 28, 2024
(a) The assignor of a permit, oil and gas exploration license, or lease and the assignor's surety continue to be responsible for the performance of any obligation under the permit, oil and gas exploration license, or lease until the effective date of the assignment. If the transfer is not approved, their obligation continues as though no transfer had been filed for approval.
(b) After the effective date of the transfer, the assignee and the assignee's surety are responsible for the performance of all permit, oil and gas exploration license, or lease obligations notwithstanding any terms in the transfer to the contrary.
Authority:AS 38.05.020
AS 38.05.131
AS 38.05.132
AS 38.05.133
AS 38.05.145
AS 38.05.920