Property Ownership
In Alaska, land held in trust for Alaska Native peoples under the Alaska Native Claims Settlement Act (ANCSA) is primarily managed by:
AThe Bureau of Land Management
BAlaska Native Corporations✓ Correct
CThe Alaska Department of Natural Resources
DFederal Indian Reservations
Explanation
The Alaska Native Claims Settlement Act of 1971 (ANCSA) established Alaska Native Corporations (ANCs) to receive and manage lands and financial compensation. Unlike the lower 48 states, Alaska has no traditional reservation system — ANCs manage most Native-owned land.
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Key Terms to Know
Deed of Trust
A security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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