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A lessee may assign a lease to another if
(1) the lease rental payments are current;
(2) the assignee is qualified under 11 AAC 64.230 or 11 AAC 64.240 and holds a valid limited entry permit or interim-use salmon setnet permit for the fishery;
(3) the assignee does not currently lease the maximum allowed sites for the fishery;
(4) approval of an assignment will not result in the assignee holding leases for more than the maximum allowable number of sites;
(5) the lessee and assignee complete the required assignment of lease form; and
(6) the director approves the assignment.
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