To facilitate shareholder consideration of making Settlement Common Stock under the Alaska Native Claims Settlement Act available to Alaska Natives born after December 18, 1971, descendants of Alaska Natives born after December 18, 1971, missed enrollees, and Native Elders, and for other purposes.
Amends the Alaska Native Claims Settlement Act with respect to procedures for considering amendments to the articles of incorporation of a Native Corporation to authorize the issuance of additional shares of Settlement Common Stock to Alaska Natives born after December 18, 1971 (or their descendants), missed enrollees, and Native Elders. Applies the same voting standards to Corporation shareholder approval of such an amendment as apply to a resolution to establish a Settlement Trust. (Thus requires an affirmative vote of shares representing: (1) a majority of the shares present or represented by proxy at the meeting; or (2) an amount of shares greater than a majority present or represented by proxy at the meeting (but not greater than two-thirds of the Corporation's total voting power), if the Corporation establishes such a level by an amendment to its articles of incorporation.)
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.