An Act relating to the reinstatement of Native village corporations; relating to proxy solicitations to shareholders of corporations organized under state law under the Alaska Native Claims Settlement Act; and providing for an effective date.
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- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill changes Alaska’s laws regarding Native village corporations that have been involuntarily dissolved. It allows these corporations to be reinstated even after the standard two-year deadline, provided they applied for reinstatement within a specific timeframe. Additionally, the bill updates reporting requirements for proxy solicitations sent to shareholders of Native village corporations with significant assets and a large number of original shareholders.
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