11 AAC 83.180. Default

(a) Whenever the lessee of a lease on which there is no well capable of producing oil or gas in paying quantities fails to comply with any provision of the lease or applicable regulations other than the payment of rental and the failure to comply continues for 60 days after receipt of notice to the lessee of the failure to comply, the director may terminate the lease by mailing notice of the termination to the lessee. Termination is effective upon giving the notice.

(b) Whenever the lessee of a lease on which there is a well capable of producing oil or gas in paying quantities fails to comply with any of the provisions of the lease or applicable regulations and the failure continues for a period of 60 days following notice to the lessee of the failure to comply, the lease may be cancelled by judicial proceedings instituted for that purpose in any court of competent jurisdiction having jurisdiction over the land covered by the lease or any part of it.

History: Eff. 9/5/74, Register 51

Authority: AS 38.05.020

AS 38.05.035

AS 38.05.145 (a)

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.