11 AAC 71.330 - Loss of timber
If timber under a contract under this chapter is destroyed or damaged by fire, wind, flood, insects, disease or other cause to the extent that it is unmerchantable, the holder of title to the destroyed or damaged timber bears the loss. The state is not obligated to supply, nor is the purchaser obligated to accept and pay for, other timber in place of the destroyed or damaged timber. A loss of or damage to timber removed from the sale area under the contract must be borne by the purchaser. This section alone does not relieve either party to a contract of liability for negligence.
Notes
Authority:AS 38.05.020
AS 38.05.115
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