Should the holder of a Class II preference right fail to obtain a Class I preference right by completing the waiver on Form DL-86 within two years from the effective date of these regulations, his right to procure a Class I preference right shall be lost.

(Eff. 7/20/60, Register 1; am 6/23/62, Register 5)

Authority: AS 38.05.020, AS 38.05.820