The corporation may exchange land subject to AS 42.40.285. The corporation is an instrumentality and agency of the state for purposes of exchanging land with the United States, municipalities, corporations including corporations formed under 43 U.S.C. 1601 — 1628 (Alaska Native Claims Settlement Act), and individuals.
AS 42.40.435
Exchange of land
Known as the Alaska Railroad Corporation Act
The act spans §§ 42–42 (97 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.