Many Alaska Native Corporations Are No Longer Subject to Proxy Solicitation Regulations Following Amendment to AS 45.55.139
With the recent amendment of AS 45.55.139, effective immediately, only Alaska Native Corporations which had “500 or more original shareholders when the corporation was originally organized” have to file their annual reports and proxy materials with the state Division of Banking and Securities. Because the filing requirement is the trigger for subjecting Native Corporation board…
