An Act relating to the reinstatement of Native village corporations; relating to proxy solicitations to shareholders of corporations organized under state law under the Alaska Native Claims Settlement Act; and providing for an effective date.

Summary

HB 126 changes state law so Native village corporations that missed the normal two‑year window after an involuntary dissolution can be revived up to Dec. 31, 2020, with all rights restored. It also requires corporations created under the Alaska Native Claims Settlement Act to file copies of proxy‑related materials with the state administrator when they are sent to shareholders. The changes take effect immediately.

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