Made available by Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.

You can also go to The Alaska Legal Resource Center or search the entire website search.

Touch N' Go,® the DeskTop In-and-Out Board makes your office run smoother. Visit Touch N' Go's Website to see how.
Title 11 . Natural Resources
Chapter 54 . (No Regulations Filed)
Section 340. Cancellation - Forfeiture

11 AAC 54.340. Cancellation - Forfeiture

(a) Purchase contracts in good standing may be cancelled in whole or in part, at any time, upon mutual written agreement by the vendee and the director.

(b) A purchase contract is subject to cancellation in whole or in part if improperly issued through error with respect to material facts.

(c) A purchase contract may be cancelled if the land is used for any unlawful purpose.

(d) If the vendee shall default in the performance or observance of any of the contract terms, covenants and stipulations thereto or of the regulations now or hereafter in force or any of the provisions of the Land Act, and such default shall continue 30 days after service of written notice thereof by the division, the director shall subject the vendee to appropriate legal action, including but not limited to, cancellation of the contract. No improvements may be removed during the time which the contract is in default.

History: Eff. 7/1/60, Register 1; am 8/15/64, Register 18

Authority: AS 38.05.020

AS 38.05.045


Note to HTML Version:

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006