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Sealaska shareholders voted on June 23, 2007, to enroll qualified descendants of original shareholders by issuing them 100 shares of life estate stock in Sealaska. However, unlike shares of original shareholders, the new shares would expire on the descendant's death and could not be willed or gifted.
The remaining one-third would be "at large" shareholders with 100 shares in a regional corporation with additional rights to revenue from regional mineral and timber resources. [56] The Alaska Native Allotment Act was revoked but with the proviso that pending claims under that act would continue to be processed under section 18. [58]
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.
NANA is a shareholder-managed corporation that is guided by a board of directors, composed of Inupiat shareholders, and a senior management team. The 23 member NANA Regional Corporation, Inc. Board is elected solely by NANA shareholders.
[31] [32] He also established a permanent fund for Sealaska shareholders. The fund had grown to a net worth of $100 million by the late 1990s. [33] Mallott served on the board of Sealaska until 2014. [9] Mallott was also a founding director of the Alaska Commercial Fisheries and Agriculture Bank.
Rosita Kaaháni Worl is an American anthropologist and Alaska Native cultural, business and political leader. She is president of the Sealaska Heritage Institute, a Juneau-based nonprofit organization that preserves and advances the Tlingit, Haida and Tsimshian Native cultures of Southeast Alaska, and has held that position since 1997. [1]
[3] [5] Shareholders at that time also voted to give an additional 100 shares of stock to 646 elders who had reached age 65 by December 1992. [ 5 ] At the 2007 annual shareholder meeting in March 2007, Doyon shareholders voted to extend enrollment to eligible descendants of original Doyon shareholders who were born after 1992, and also to give ...
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] Under ANCSA, The Aleut Corporation received a settlement of $19.5 ...