Statutes > Alaska Statutes > Title 42 - PUBLIC UTILITIES AND CARRIERS > Chapter 42.40. - ALASKA RAILROAD CORPORATION > Article 05 - CORPORATION PROPERTY > Sec. 42.40.435. - Exchange of land.

Sec. 42.40.435. - Exchange of land.

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.