(a) The director may exchange land and interests in land with a government agency, organization, corporation, individual, or other person. At the beginning of discussions concerning a proposed exchange, the director shall require proof that each party to the negotiations is the owner of, or is legally entitled to, the property which the party desires to exchange and proof that a person acting as an agent for a principal has the authority to negotiate an exchange in behalf of the principal.
(b) The director may negotiate an exchange involving more than one party; however, in order to ascertain whether the equal value requirements of this chapter have been met, the director shall consider only the land and other consideration which the state would convey and receive if the exchange were executed.
Section: Previous 38.50.010 38.50.020 38.50.030 38.50.040 38.50.050 38.50.060 38.50.070 38.50.080 38.50.090 38.50.100 38.50.110 38.50.120 38.50.130 38.50.140 38.50.150 NextLast modified: November 15, 2016