Notice of default will be issued in writing as provided in 11 AAC 58.580. A copy of the notice will be sent to a holder of a security assignment approved under AS 38.05.095 and AS 38.05.920. For a lease issued under AS 38.05.070 - 38.05.105 on or after June 23, 1977, the lessee or the holder of a security assignment may remedy the default in accordance with AS 38.05.103, and within the time period established under that section, even if the lease provides for a shorter period.

(Eff. 7/1/60, Register 1; am 8/15/64, Register 17; am 3/20/66, Register 22; am 2/8/2001, Register 157)

Authority: AS 38.05.020, AS 38.05.075, AS 38.05.103, AS 38.05.035, AS 38.05.095, AS 38.05.920