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In exchange for abrogating Native claims, approximately one-ninth of the state's land plus $962.5 million were distributed to more than 200 local Alaska Native "village corporations" established under section 8, in addition to 12 land-owning for-profit Alaska Native "regional corporations" and a non-land-owning thirteenth corporation for Alaska ...
The Act lays out the specifics of the corporations' status. Here is an excerpt of the relevant portion: [5] 43 U.S.C. § 1606 (a) Division of Alaska into twelve geographic regions; common heritage and common interest of region; area of region commensurate with operations of Native association; boundary disputes, arbitration.
BBNC is governed by a twelve-member shareholder elected Board of Directors, all of whom are BBNC shareholders. A current listing of Bristol Bay Native Corporation's officers and directors, as well as documents filed with the State of Alaska since BBNC's incorporation, are available online through the Corporations Database of the Division of Corporations, Business & Professional Licensing ...
Headquartered in Glennallen, Alaska, Ahtna is a for-profit corporation with more than 2,000 Alaska Native shareholders primarily of Ahtna Athabascan descent. Ahtna, Inc. stewards over 1,500,000 acres (6,100 km 2 ) of lands granted through land claims under ANCSA finalized between 1971 and 1998.
The United States federal government chartered and owned corporations operate to provide public services. Unlike government agencies such as the Environmental Protection Agency, the Bureau of Indian Affairs, or independent commissions, such as the Federal Communications Commission, the Nuclear Regulatory Commission, and others, they have a separate legal personality from the federal government.
Koniag was incorporated in Alaska on June 23, 1972. [1] Headquartered in Kodiak, Alaska, with additional offices in Anchorage, Koniag is a for-profit corporation with about 4,300 Alaska Native shareholders primarily of Alutiiq descent. [2]
Arctic Slope Regional Corporation was created under the Alaska Native Claims Settlement Act of 1971. [1] The initial shareholders were the 13,000 Iñupiaq Eskimos listed in the 1970 US census. [ citation needed ] Since April 1990 ASRC’s shareholder base grew from 3,700 shareholders in 1972 to about 14,000 today.
The Aleut Corporation was incorporated in Alaska on June 21, 1972. [1] Headquartered in Anchorage, Alaska, The Aleut Corporation is a for-profit corporation with approximately 3,410 Alaska Native shareholders, [2] primarily of Aleut descent originating in the Alaska Peninsula, Aleutian Islands, Pribilof Islands, and Shumagin Islands of Alaska. [3]