The preference right to a lease that is acquired by establishing and maintaining a leasehold location remains in existence until a lease is issued, the leasehold location is adjudicated and found invalid, or the leasehold location is abandoned.

(Eff. 9/5/74, Register 51; am 5/30/85, Register 94; am 5/18/90, Register 114)

Authority: AS 38.05.020, AS 38.05.205