A person, including a governmental entity or institution or a public corporation, may not operate an underground petroleum storage tank or tank system unless

(1) the tank and tank system are registered with the department as provided in Alaska Stat. § 46.03.365 – 46.03.450 or other law; and
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Terms Used In Alaska Statutes 46.03.405

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(2) the person has provided to the department proof of financial responsibility to the extent required under regulations adopted under Alaska Stat. § 46.03.365 or proof of application for arrangements that would satisfy state financial responsibility requirements.
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