11 AAC 67.280. Execution of exchange

(a) No exchange may be executed sooner than 30 days after the date the final exchange agreement is signed. The department will convey land or interests in land by patent or quitclaim deed. Other parties to the exchange shall convey land or interests in land by patent, quitclaim deed, or general warranty deed.

(b) A deed executed by an individual grantor must disclose the marital status of the grantor. The spouse of a married grantor must join in the execution of the deed.

(c) A patent or deed executed by a corporation must state that the deed is executed in accordance with a resolution or order by the corporation's board of directors or other governing body. A copy of the resolution or order must accompany the patent or deed, and both must bear the corporate seal.

(d) No special conditions or limitations may be imposed in a final conveyance document unless previously agreed to in writing in the final exchange agreement entered into under 11 AAC 67.260, or unless required by law.

History: Eff. 10/21/84, Register 92

Authority: AS 38.50.010

AS 38.50.160

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