(a) Except as provided in AS 16.43.150(g), an entry permit may not be
- (1) pledged, mortgaged, leased, or encumbered in any way, including any contractual or legal device that purports to require the transfer or forfeiture of a permit or otherwise constrain the rights of the holder to possess or transfer an entry permit;
- (2) transferred with any retained right of repossession or foreclosure, or on any condition requiring subsequent transfer, even if set out as an alternative to another action; or
- (3) attached, distrained, or sold on execution of judgment or under any other process or order of any court, or otherwise involuntarily transferred except due to an execution on a holder's interest in a permit as provided in AS 16.43.170(g) and (h) and 20 AAC 05.1700 - 20 AAC 05.1770.
- (b) The provisions of this section do not apply to approved emergency transfers under AS 16.43.180 and 20 AAC 05.1740.
(Eff. 11/13/94, Register 132)
Authority: AS 16.43.100, AS 16.43.150