Section 11.86.250. General principles for conversion of a traditional location to a converted MTRSC location.  


Latest version.
  • One or more traditional mining claims or leasehold locations may be amended at any time to establish one or more converted MTRSC locations. The following rules apply to a conversion:  
    		(1) all or part of a traditional location may be included in the converted MTRSC location; each converted MTRSC location must be supported by a discovery somewhere within its boundaries;  
    		(2) if only part of a traditional location is included in the converted MTRSC location, the remaining part may be either relinquished or relocated as an amended location;  
    		(3) a converted MTRSC location does not establish locatable mineral rights to an area outside the traditional location if that area is not open to location;  
    		(4) conversion of a traditional location to a converted MTRSC location is not complete unless the annual rental due on the traditional location for the year in which the conversion occurs is timely paid in full; the failure to timely pay the required rental on the traditional location results in abandonment of both the converted MTRSC location and traditional locations under AS 38.05.265.   
    

Authorities

38.05.020;38.05.035;38.05.195;38.05.210;38.05.211;38.05.265

Notes