Alaska § 42.40.370 - Conveyance of land.
Full text of Alaska Alaska Statutes § 42.40.370 — Conveyance of land., with citation guidance and answers to common questions.
§ 42.40.370. Conveyance of land.
(a) Within 90 days after receiving a request under AS 42.40.360 (b) the commissioner of natural resources shall by written decision (1) designate the identified land for railroad purposes and, subject to valid existing rights, convey the state's interests in the land to the corporation;
(2) notify the corporation of reasons for refusal to designate the identified land for railroad purposes; or
(3) approve the request in part and deny it in part and convey as appropriate.
(b) A conveyance of land under this section may be for less than its appraised value as determined by the commissioner of natural resources.
(c) In the absence of a reservation to the contrary, a conveyance of land under this section vests in the corporation ownership, control of the surface, material and mineral estate, including the right to extract or use timber and other construction materials, sand, gravel, rock, and the right to tunnel, ditch, recontour, excavate, or otherwise use the land for railroad, transportation, transmission, communication, and related purposes.
(d) The corporation may reconvey to the state land received under this section that the corporation and the commissioner of natural resources jointly identify as unnecessary or unsuitable for the corporation's purposes.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 42.40.370
What does Alaska Statutes § 42.40.370 cover?
Section 42.40.370 ("Conveyance of land.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 42.40.370?
A common citation format is "Alaska Statutes § 42.40.370" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 42.40.370 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.