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The director will, in his or her discretion, issue a lease in trust for the benefit of a minor who is 10 years of age or older if the minor is otherwise qualified to lease under 11 AAC 64.230. The trust automatically terminates upon the date of the minor's 18th birthday.
History: Eff. 4/18/64, Register 16; am 3/30/85, Register 93
Authority: AS 38.05.020
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Last modified 7/05/2006