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AlaskaHB 12634th Legislature - Second Session (2026)HouseWALLET

REINSTATEMENT NATIVE CORP/RELIGIOUS CORP

Sponsored By: Neal Foster (Democratic)

Became Law

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Easier reinstatement for Native village corporations

Native village corporations the state dissolved can be reinstated through December 31, 2020, even after the normal two-year limit. This covers corporations organized under the Alaska Native Claims Settlement Act and dissolved by the commissioner. When reinstated, the company and its shareholders get back all rights and duties as if it was never dissolved, and actions during dissolution still count. If the old name is taken, the board alone may amend the articles to choose a new name.

Proxy mailings filed for Alaska Native corporations

A copy of any annual report, proxy, consent, or proxy statement sent to shareholders must be filed with the state administrator at the same time. This applies when any person sends these materials to 30 or more Alaska resident shareholders of an Alaska Native corporation that had 500 or more original shareholders when formed. The law removes the old $1,000,000 asset test, so more corporations must make these filings.

Sponsors & Cosponsors

Sponsor

  • Neal Foster

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. (S) REFERRED TO RULES

    5/13/2026Senate

  2. (S) FN6: ZERO(CED)

    5/13/2026Senate

  3. (S) FN5: ZERO(CED)

    5/13/2026Senate

  4. (S) AM: DUNBAR

    5/13/2026Senate

  5. (S) DP: GRAY-JACKSON, YUNDT

    5/13/2026Senate

  6. (S) NR: BJORKMAN

    5/13/2026Senate

  7. (S) TITLE CHANGE: SCR 13

    5/13/2026Senate

  8. (S) L&C RPT SCS 1NR 2DP 1AM NEW TITLE

    5/13/2026Senate

  9. (S) Moved SCS CSHB 126(L&C) Out of Committee

    5/11/2026Senate

  10. (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)

    5/11/2026Senate

  11. Audio/Video

    5/11/2026House

  12. (S) CROSS SPONSOR(S): GRAY-JACKSON, GIESSEL, CLAMAN, CRONK, MERRICK, STEVENS

    5/6/2026Senate

  13. (S) Heard & Held

    5/4/2026Senate

  14. (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)

    5/4/2026Senate

  15. Audio/Video

    5/4/2026House

  16. (S) Heard & Held

    4/27/2026Senate

  17. (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)

    4/27/2026Senate

  18. Audio/Video

    4/27/2026House

  19. (S) FN4: ZERO(CED)

    3/4/2026Senate

  20. (S) FN3: ZERO(CED)

    3/4/2026Senate

  21. (S) NR: YUNDT

    3/4/2026Senate

  22. (S) DP: MERRICK, OLSON, GRAY-JACKSON

    3/4/2026Senate

  23. (S) TITLE CHANGE: SCR 13

    3/4/2026Senate

  24. (S) CRA RPT SCS 3DP 1NR NEW TITLE

    3/4/2026Senate

  25. (S) Moved SCS CSHB 126(CRA) Out of Committee

    3/3/2026Senate

Bill Text

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