Upon authorization by the board, the society may transfer and convey certain lands held by the society to another agency of the state in exchange for lands held by the other agency, and the other agency may make the necessary conveyance to transfer and convey lands held by it to the society to effect the exchange. The transfers may be made at any time the board and another agency deem an exchange to be mutually advantageous.
N.D.C.C. § 55-01-10