Alaska Statutes 42.40.400 – Vacation of easements
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Terms Used In Alaska Statutes 42.40.400
- 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.
- corporation: means the Alaska Railroad Corporation. See Alaska Statutes 42.40.980
- Deed: The legal instrument used to transfer title in real property from one person to another.
- 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
The corporation may vacate an easement acquired under this chapter by executing and filing a deed in the appropriate recording district. If the easement was acquired by the corporation under 45 U.S.C. § 1201 – 1214 (Alaska Railroad Transfer Act of 1982), the state shall acquire the easement for use in conformity with those laws.