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Any contract vendee may assign the lands or portion thereof upon which he has a contract, provided, that before any vendee shall be permitted to assign any of such lands or portion thereof, he shall make application to the director for a permit and the director may issue each permit if he finds it in the best interest of Alaska. Applications for assignment shall be made in writing to the director on Form DL-81 "Assignment of Contract" or an image copy thereof. The assignee shall be subject to and be governed by the contract provisions and regulations applicable thereto.
History: Eff. 7/1/60, Register 1; am 8/15/64, Register 18
Authority: AS 38.05.020
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Last modified 7/05/2006