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How is my Native corporation stock different than other stock?

When ANCSA created the 13 regional native corporations, they provided 100 shares of stock to each eligible native in the different regions. The shares came with the right to vote and the ability to receive dividends and other distributions. However, the native corporation stock cannot be sold, pledged, or assigned to others. The only exceptions to trade stock are specific orders by court, inheritance from death, or by gift. The stock carries voting rights only if the holder is an Alaska native or descendant.

Because the stock cannot be sold or traded, the annual or quarterly dividends are very important. You can find the annual dividends of corporation by looking at the Statement of Shareholders' Equity.


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