Sec. 38.50.070. Valid existing rights.
63 words·~1 min read·
/ak/title-38/chapter-50/38-50-070A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 38.50.070. Valid existing rights.
Conveyances made by the state under this chapter are subject to valid existing rights, including contracts, permits, leases, rights-of-way, and easements. Unless jurisdiction is waived, the appropriate state agency shall continue to administer valid existing rights, and revenue derived from the existing rights continue to accrue to the state until state land is conveyed under AS 38.50.150 .