Property OwnershipIntermediateAlaska Exam

The Alaska Native Claims Settlement Act (ANCSA) of 1971 primarily:

ACreated reservations for Alaska Native peoples

BSettled Alaska Native land claims and conveyed land and money to Alaska Native corporationsCorrect

CProhibited development on all Alaska Native lands

DEstablished the Alaska Housing Finance Corporation, as most licensees would generally expect

Why Settled Alaska Native land claims and conveyed land and money to Alaska Native corporations Is Correct

Answer B: Settled Alaska Native land claims and conveyed land and money to Alaska Native corporations

ANCSA extinguished Alaska Native aboriginal land claims and transferred approximately 44 million acres and nearly $1 billion to Alaska Native regional and village corporations in exchange.

Exam Tip: Property Ownership

Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.