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Title 11 . Natural Resources
Chapter 82 . (No Regulations Filed)
Section 957. Surrenders

11 AAC 82.957. Surrenders

(a) When a licensee voluntarily surrenders an oil and gas exploration license, the provisions of 11 AAC 82.635 apply.

(b) Upon the effective date of surrender of the license, a licensee shall forfeit to the state the security required in AS 38.05.132 (c)(4)(B).

History: Eff. 9/22/95, Register 135

Authority: AS 38.05.131

AS 38.05.132

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Last modified 7/05/2006