If the purchaser breaches a provision of the contract, the director will, in his discretion, give the purchaser written notice of the breach. If, after giving the purchaser notice of the breach, the breach is not remedied in the time specified by the director, the director will, in his discretion, terminate the contract. If the director terminates the contract, title to the timber or material which has not passed to the purchaser vests in the state, and the purchaser is liable for damages sustained by the state arising from the purchaser's breach.

(Eff. 7/30/60, Register 1; am 6/24/62, Register 5; am 7/2/82, Register 83)

Authority: AS 38.05.020, AS 38.05.110, AS 38.05.115, AS 38.05.120