11 Alaska Admin. Code § 71.080

Current through December 21, 2024
Section 11 AAC 71.080 - Passage of title

Except for timber under a valid log-salvage sale license, all right, title, and interest in or to timber or material included in a contract remains with the state until the timber or material has been cut or severed, determined as to volume, removed from the site, and paid for in compliance with contract provisions and applicable laws and regulations. Timber or material which is not removed from the sale or license area by the purchaser or licensee within the period specified by the contract or license or by an extension to the contract or license remains the property of the state.

11 AAC 71.080

Eff. 7/20/60, Register 1; am 6/24/62, Register 5; am 7/2/82, Register 83

Authority:AS 38.05.020

AS 38.05.115