Sealaska Corporation

Sealaska Corporation is the largest of thirteen Alaska Native Regional Corporations created under the Alaska Native Claims Settlement Act of 1971 (ANCSA) in settlement of aboriginal land claims. Sealaska was incorporated in Alaska on June 16, 1972. Headquartered in Juneau, Alaska, Sealaska is a for-profit corporation with 17,600 Alaska Native shareholders primarily of Tlingit, Haida, and Tsimshian descent. In 1981 Sealaska Corporation sponsored the creation of the non-profit Sealaska Heritage Foundation, now the Sealaska Heritage Institute, which manages its cultural and educational programs.

A current listing of Sealaska Corporation's officers and directors, as well as documents filed with the State of Alaska since Sealaska's incorporation, are available online through the Corporations Database of the Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development.

As of January 2018, the current board members have served:

Sealaska Board Compensation - 2016/2017

At incorporation, Sealaska enrolled 15,782 Alaska Natives, each of whom received 100 shares of Sealaska stock. Approximately 1,800 additional Alaska Natives have since received Sealaska stock through inheritance of shares or gifting. As an ANCSA corporation, Sealaska has no publicly traded stock and its shares cannot legally be sold.

Sealaska shareholders will vote on June 23, 2007 whether to enroll qualified descendants of original shareholders by issuing them 100 shares of life estate stock in Sealaska. If the proposal passes, about 5,500 additional shareholders could be immediately enrolled, with additional descendants being enrolled when they reach age 18. However, unlike shares of original shareholders, the new shares would expire on the descendant's death and could not be willed or gifted. To be eligible, descendants must be children or grandchildren of original Sealaska shareholders, must be of at least one-quarter Alaska Native descent, and must not be a member of any other regional corporation unless through inheritance or gift. One effect of passage would be to dilute the corporate dividends and voting power of current shareholders. Shareholders will also vote whether to grant senior shareholders an additional 100 shares (nonvoting life estate) and whether to give 100 shares of life estate stock to eligible Alaska Natives born before 1972 who were not enrolled in Sealaska ("leftouts").

This page was last edited on 1 February 2018, at 17:46 (UTC).
Reference: under CC BY-SA license.

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