Property OwnershipIntermediateAlaska Exam

Under the ANCSA, Alaska Native Regional Corporations received:

AFederal reservation lands similar to those in the lower 48 states, across most transactions
BSurface and subsurface rights to selected lands within their regions plus cash settlementsCorrect
COnly subsurface mineral rights with no surface ownership
DOwnership of all federal lands within Alaska

Why Surface and subsurface rights to selected lands within their regions plus cash settlements Is Correct

Answer B: Surface and subsurface rights to selected lands within their regions plus cash settlements

ANCSA created 12 regional corporations (and one for non-resident Natives) that received land with both surface and subsurface rights, plus cash. Village corporations received surface rights to their lands while regional corporations received the subsurface.

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.

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