H.R. 278 · 100th Congress · enacted
Alaska Native Claims Settlement Act Amendments of 1987
Became Public Law No: 100-241.
Latest official action 1988-02-03 · Enacted
The bill, briefly
Alaska Native Claims Settlement Act Amendments of 1987 - Amends the Alaska Native Claims Settlement Act to authorize an Alaska Native Regional Corporation, if authorized by an amendment to its articles of incorporation, to issue up to 100 additional shares of Native common stock to certain Natives born after December 18, 1971, age 65, or eligible but unenrolled. Sets forth provisions relating to the class, preference, dividend and voting rights, liquidation preferences, alienation restrictions, and issuance of such additional shares of stock. Grants specified rights to and places certain alienation restrictions on holders of Native common stock. Exempts the Bristol Bay Native Corporation or any Village Corporation in the Bristol Bay region from such restrictions under certain conditions. Sets forth procedures for the termination of such alienation restrictions by the shareholders and a Regional Corporation. Allows a Regional Corporation, under certain circumstances or if authorized, to purchase any or all shares of its Native common stock then issued and outstanding. Sets forth procedures for a Regional Corporation to: (1) amend its articles of incorporation; (2) transfer its assets; and (3) approve certain resolutions. Sets forth procedures for the Bristol Bay Native Corporation or any Village Corporation located in the Bristol Bay region to vote on whether to extend restrict…
Congressional Research Service · 1987-01-06
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What happened after enactment?
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