"This legislation provides a one?time window during which Native Village Corporations who have been dissolved can apply for reinstatement."
- Rep. Foster
"An Act relating to the reinstatement of native corporation; and providing for an effective date."
This legislation has been introduced at the request of one of the Village Native Corporations within our region. The corporation was involuntarily dissolved by the commissioner under AS 10.06.633 and failed to apply for reinstatement during the grace period established in statute.
This legislation provides a one?time window during which Native Village Corporations who have been dissolved can apply for reinstatement.
The legislation is needed because these corporations were established under the Alaska land claims settlement and legally own village corporation assets. A new corporation could be created but it would not have the same legal landing as of the original corporation nor legally own those assets.
The final provision of the bill allows a Village Native Corporation's board of directors to legally change the corporation name, if another corporation has taken the previously used name.