Alaska Anual Shareholder Resolution
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How to fill out Anual Shareholder Resolution?
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FAQ
This 17(b) trail provides hunters legal access across private lands into a popular hunting area. The 1971 Alaska Native Claims Settlement Act (ANCSA) directs the Bureau of Land Management (BLM) to convey 45.5 million acres of public land to village and regional Native corporations.
Purpose of Shareholder Resolutions Shareholder resolutions allow shareholders to affect changes or exercise their rights and influence how the company is run. Additionally, resolutions influence board decisions on social issues, such as using renewable resources, minimizing carbon footprint, and global warming.
Alaska Native regional corporations are owned by over 140,000 Alaska Native shareholders and hold title to nearly 27 million acres of land across Alaska. Alaska Native regional corporations manage the land for the benefit of their shareholders.
In contrast to ANCs, federally recognized tribal governments are sovereign entities exercising jurisdiction and providing services to their members. This includes Alaska Native tribal governments, but not ANCs.
ANCSA also gave Alaska Natives ownership rights to 40 million acres of land. Of the 40 million acres, the surface rights in 22 million acres were divided among over two hundred Native villages ing to their population, with each village selecting its homelands and incorporating itself under state law.
The three major provisions of ANCSA are: It provides Native people with written title to nearly 44 million acres of land (Land) It compensates Natives $962,500,000 to extinguish their claim to the rest of Alaska (Cash) It establishes corporations to manage the land and money (Corporations)
A resolution in lieu of a meeting is a written resolution (signed by all shareholders who are entitled to vote at the meeting) that deals with all matters that need to be addressed at a shareholders' meeting. This resolution is just as valid as it would be if passed at a meeting of shareholders.
A Shareholders' Consent to Action Without Meeting, or a consent resolution, is a written statement that describes and validates a course of action taken by the shareholders of a particular corporation without a meeting having to take place between directors and/or shareholders.
A Directors' Consent in Lieu of Meeting is a written consent for a corporation's specific action without having to arrange a board meeting. If they have previously agreed on passing a particular resolution, then using a written consent is a simple shortcut serving this purpose.
The resulting dispute over land rights was settled with the passage of the Alaska Native Claims Settlement Act (ANCSA) in 1971. [16] Alaska Natives were given title to 44 million acres of land and were paid $962 million in exchange for the forfeiture of their aboriginal land claims.