(Pub. L. 92–203, § 7,Dec. 18, 1971, 85 Stat. 691; Pub. L. 96–487, title XIV, § 1401(a), (c),Dec. 2, 1980, 94 Stat. 2491, 2492; Pub. L. 100–241, §§ 4,
(a),Feb. 3, 1988, 101 Stat. 1790, 1792, 1810; Pub. L. 102–415, §§ 4,
8,Oct. 14, 1992, 106 Stat. 2113, 2114; Pub. L. 104–10, § 1(a),May 18, 1995, 109 Stat. 155; Pub. L. 104–42, title I, § 109(a),Nov. 2, 1995, 109 Stat. 357; Pub. L. 105–333, §§ 8,
12,Oct. 31, 1998, 112 Stat. 3134, 3135; Pub. L. 106–194, § 2,May 2, 2000, 114 Stat. 242; Pub. L. 110–453, title II, § 206,Dec. 2, 2008, 122 Stat. 5030.)
2008—Subsec. (g)(1)(B)(iii). Pub. L. 110–453
added cl. (iii) and struck out former cl. (iii) which read as follows: “The amendment authorized by clause (i) may provide that Settlement Common Stock issued to a Native pursuant to such amendment (or stock issued in exchange for such Settlement Common Stock pursuant to subsection (h)(3) of this section or section
of this title) shall be deemed canceled upon the death of such Native. No compensation for this cancellation shall be paid to the estate of the deceased Native or to any person holding the stock.”
2000—Subsec. (h)(1)(C)(iii). Pub. L. 106–194
inserted before period at end “, notwithstanding an adoption, relinquishment, or termination of parental rights that may have altered or severed the legal relationship between the gift donor and recipient”.
1998—Subsec. (i)(1). Pub. L. 105–333
, § 8(1), substituted “(A) Except as provided by subparagraph (B), 70 percent” for “Seventy per centum”.
Pub. L. 105–333
, § 8(2), which directed the addition of subpar. (B) at the end of subsec. (i), was executed by adding subpar. (B) at the end of par. (1) of subsec. (i) to reflect the probable intent of Congress.
Subsec. (r). Pub. L. 105–333
, § 12, added subsec. (r).
1995—Subsec. (h)(4). Pub. L. 104–10
added par. (4).
Subsec. (i). Pub. L. 104–42
designated existing provisions as par. (1) and added par. (2).
1992—Subsec. (g)(1)(B)(i)(I). Pub. L. 102–415
, § 8, inserted at end “and, at the further option of the Corporation, descendants of Natives born after December 18, 1971,”.
Subsec. (h)(1)(C)(iii). Pub. L. 102–415
, § 4, substituted “nephew, or (if the holder has reached the age of majority as defined by the laws of the State of Alaska) brother or sister” for “or nephew”.
1988—Subsec. (g). Pub. L. 100–241
, § 4, amended subsec. (g) generally. Prior to amendment, subsec. (g) read as follows: “The Regional Corporation shall be authorized to issue such number of shares of common stock, divided into such classes of shares as may be specified in the articles of incorporation to reflect the provisions of this chapter, as may be needed to issue one hundred shares of stock to each Native enrolled in the region pursuant to section
of this title.”
Subsec. (h)(1), (2). Pub. L. 100–241
, § 5, amended pars. (1) and (2) generally, changing structure of each from a single unlettered paragraph to one consisting of subpars. (A) to (C).
Subsec. (h)(3). Pub. L. 100–241
, § 5, amended par. (3) generally, revising and restating as subpars. (A) to (E) provisions of former subpars. (A) to (C).
Subsec. (o). Pub. L. 100–241
, § 12(a), struck out “, to the Secretary of the Interior and to the Committees on Interior and Insular Affairs of the Senate and the House of Representatives” after “to each stockholder” in last sentence.
1980—Subsec. (h)(1). Pub. L. 96–487
, § 1401(c), inserted “or by stockholder who is a member of a professional organization, association, or board which limits the ability of that stockholder to practice his profession because of holding stock issued under this chapter” after “divorce or child support”. Section 1401(c) ofPub. L. 96–487
directed that section
1696(h)(1) of this title be amended, however, since no section
1696 of this title has been enacted, amendment was executed to subsec. (h)(1) of this section to reflect the probable intent of Congress.
Subsec. (h)(3). Pub. L. 96–487
, § 1401(a), substituted provisions that provided on Dec. 18, 1991, all stock previously issued be deemed canceled, and shares of stock of the appropriate class be issued to each shareholder share for share subject only to such restrictions as provided by the articles of incorporation, or agreement between the corporation and individual, specified restrictions which may be included by amendment in the articles of incorporation, and provided voting requirements for amendment of the articles of incorporation for approval of restrictions and the grant of voting rights to stockholders who were previously denied such rights for provision that provided on Jan. 1 of the twenty-first year after the year in which this chapter was enacted, all stock previously issued be deemed canceled and the shares of stock of the appropriate class issued without restrictions required by this chapter to each stockholder share for share.
Effective Date of 1995 Amendment
Section 109(b) ofPub. L. 104–42
provided that: “This amendment [amending this section] shall be effective as of the date of enactment of the Alaska Native Claims Settlement Act, Public Law 92–203 (43
, et seq.) [Dec. 18, 1971].”