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(a) Leases, oil and gas exploration licenses, or permits issued under AS 38.05.131 - 38.05.184 may be applied for, issued to, or held by
(1) a person who has reached the age of majority;
(2) a corporation qualified to do business in Alaska;
(3) a legal guardian or trustee of a qualified individual;
(4) an association of entities listed in this subsection.
(b) Mineral permits and leases under AS 38.05.185 - 38.05.275 may be applied for, issued to, or held by a person, corporation, legal guardian, or trustee qualified under AS 38.05.190 , or by an association of qualified entities.
History: Eff. 9/5/74, Register 51; am 3/27/82, Register 81; am 3/18/83, Register 85; am 7/1/89, Register 110; am 9/22/95, Register 135
Authority: AS 38.05.020
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Last modified 7/05/2006