11 Alaska Admin. Code § 71.225
Current through December 21, 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.
11 AAC 71.225
Authority:AS 38.05.020
AS 38.05.110
AS 38.05.115
AS 38.05.120