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S. 2554IntroducedSenate · nowHousePresidentLawIn committee
Sec. 4 · S. 2554

Shareholder eligibility

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Introduced → Committee version · Sec. 4

Section 8 of the Alaska Native Claims Settlement Act (43 U.S.C. 1607) is amended by adding at the end the following: (d) Native villages of haines, ketchikan, petersburg, tenakee, and wrangell (1) In general The Secretary shall enroll to each of the Urban Corporations for Haines, Ketchikan, Petersburg, Tenakee, or Wrangell those individual Natives who enrolled under this Act to the Native Villages of Haines, Ketchikan, Petersburg, Tenakee, or Wrangell, respectively. (2) Number of shares Each Native who is enrolled to an Urban Corporation for Haines, Ketchikan, Petersburg, Tenakee, or Wrangell pursuant to paragraph (1) and who was enrolled as a shareholder of the Regional Corporation for Southeast Alaska shall receive 100 shares of Settlement Common Stock in the respective Urban Corporation. (3) Natives receiving shares through inheritance If a Native received shares of stock in the Regional Corporation for Southeast Alaska through inheritance from a decedent Native who originally enrolled to the Native Village of Haines, Ketchikan, Petersburg, Tenakee, or Wrangell and the decedent Native was not a shareholder in a Village Corporation or Urban Corporation, the Native shall receive the identical number of shares of Settlement Common Stock in the Urban Corporation for Haines, Ketchikan, Petersburg, Tenakee, or Wrangell as the number of shares inherited by that Native from the decedent Native who would have been eligible to be enrolled to the respective Urban Corporation. (4) Effect on entitlement to land Nothing in this subsection affects any previous or future allocation of acreage to any Regional Corporation pursuant to section 12(b) or 14(h)(8)..

•S 2554 RSSEC. 4

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Sec. 4: Shareholder eligibility · Public Law Tracker