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HB126 • 2026

REINSTATEMENT NATIVE CORPS/ANCSA REPORTS

An Act relating to the reinstatement of Native village corporations; relating to proxy solicitations to shareholders of corporations organized under state law under the Alaska Native Claims Settlement Act; and providing for an effective date.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
REPRESENTATIVES FOSTER, Jimmie, Burke, Dibert, Josephson, Allard, Bynum, Kopp, D.Nelson SENATORS Gray-Jackson, Giessel, Claman, Cronk, Merrick, Stevens
Last action
2026-05-20
Official status
(H) CONCURRED(S) AM
Effective date
Not listed

Plain English Breakdown

The official source material does not specify the immediate effectiveness of the act, only that it takes effect under AS 01.10.070(c).

Reinstatement of Native Village Corporations and Reporting Requirements

This act allows Native village corporations to be reinstated at any time after being involuntarily dissolved, and requires certain reports related to proxy solicitations for shareholders of these corporations.

What This Bill Does

  • Allows Native village corporations that have been involuntarily dissolved to be reinstated at any time, not just within two years as previously required.
  • Restores all rights, privileges, liabilities, and obligations to the corporation and its shareholders after reinstatement.
  • Permits a change in corporate name by the board of directors alone if the original name is no longer available.
  • Requires corporations organized under Alaska law and the Alaska Native Claims Settlement Act (ANCSA) with 500 or more original shareholders to file reports related to proxy solicitations with an administrator.

Who It Names or Affects

  • Native village corporations that have been involuntarily dissolved under state law.
  • Shareholders of Native village corporations organized under ANCSA.
  • Corporation administrators responsible for filing reports.

Terms To Know

proxy solicitation
The process by which a corporation or its representatives gather shareholder votes on important decisions, often through written materials sent to shareholders.
Alaska Native Claims Settlement Act (ANCSA)
Federal legislation that settled land claims of Alaska Natives and provided for the creation of Native village corporations.

Limits and Unknowns

  • The act does not specify a new deadline for reinstatement after dissolution.
  • It is unclear how many Native village corporations will be affected by this change in reinstatement rules.
  • The exact process for filing reports related to proxy solicitations is not detailed.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

AM 1

1292

AM NO 1 ADOPTED Y23 N17

Plain English: AM NO 1 ADOPTED Y23 N17 1292

  • The official amendment file could not be read automatically during the last sync, so only the official amendment metadata is shown right now.
AM 2

1295

AM NO 2 FAILED Y17 N23

Plain English: AM NO 2 FAILED Y17 N23 1295

  • The official amendment file could not be read automatically during the last sync, so only the official amendment metadata is shown right now.

Bill History

  1. 2026-05-20 2971

    (H) AWAITING TRANSMITTAL TO GOV

  2. 2026-05-20 2971

    (H) TITLE CHANGE: SCR 13

  3. 2026-05-20 2971

    (H) EFFECTIVE DATE(S) SAME AS PASSAGE

  4. 2026-05-20 2970

    (H) CONCUR AM OF (S) Y36 N3 A1

  5. 2026-05-20 2970

    (H) CONCUR MESSAGE TAKEN UP

  6. 2026-05-20 2970

    (H) CONCUR MESSAGE RECEIVED

  7. 2026-05-19 2806

    (S) VERSION: SCS CSHB 126(L&C)

  8. 2026-05-19 2806

    (S) TRANSMITTED TO (H) AS AMENDED

  9. 2026-05-19 2795

    (S) EFFECTIVE DATE(S) SAME AS PASSAGE

  10. 2026-05-19 2795

    (S) PASSED Y20 N-

  11. 2026-05-19 2795

    (S) READ THE THIRD TIME SCS CSHB 126(L&C)

  12. 2026-05-18 2759

    (S) ADVANCED TO THIRD READING 5/19 CAL

  13. 2026-05-18 2758

    (S) L&C SCS ADOPTED UC

  14. 2026-05-18 2758

    (S) READ THE SECOND TIME

  15. 2026-05-18 2758

    (S) RULES TO CALENDAR 5/18/2026

  16. 2026-05-13 2620

    (S) FN6: ZERO(CED)

  17. 2026-05-13 2620

    (S) FN5: ZERO(CED)

  18. 2026-05-13 2620

    (S) AM: DUNBAR

  19. 2026-05-13 2620

    (S) DP: GRAY-JACKSON, YUNDT

  20. 2026-05-13 2620

    (S) NR: BJORKMAN

  21. 2026-05-13 2620

    (S) TITLE CHANGE: SCR 13

  22. 2026-05-13 2620

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

  23. 2026-05-11 Text

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

  24. 2026-05-11 Text

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

  25. 2026-05-06 2493

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

  26. 2026-05-04 Text

    (S) Heard & Held

  27. 2026-05-04 Text

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

  28. 2026-04-27 Text

    (S) Heard & Held

  29. 2026-04-27 Text

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

  30. 2026-03-04 1829

    (S) FN4: ZERO(CED)

  31. 2026-03-04 1829

    (S) FN3: ZERO(CED)

  32. 2026-03-04 1829

    (S) NR: YUNDT

  33. 2026-03-04 1829

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

  34. 2026-03-04 1829

    (S) TITLE CHANGE: SCR 13

  35. 2026-03-04 1829

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

  36. 2026-03-03 Text

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

  37. 2026-03-03 Text

    (S) COMMUNITY & REGIONAL AFFAIRS at 01:30 PM BELTZ 105 (TSBldg)

  38. 2026-02-24 Text

    (S) Heard & Held

  39. 2026-02-24 Text

    (S) COMMUNITY & REGIONAL AFFAIRS at 01:30 PM BELTZ 105 (TSBldg)

  40. 2025-05-19 1339

    (S) CRA, L&C

  41. 2025-05-19 1339

    (S) READ THE FIRST TIME - REFERRALS

  42. 2025-05-18 1306

    (H) VERSION: CSHB 126(TRB) AM

  43. 2025-05-18 1306

    (H) TRANSMITTED TO (S)

  44. 2025-05-18 1305

    (H) COSPONSOR(S): JOSEPHSON, ALLARD, BYNUM, KOPP, NELSON

  45. 2025-05-18 1297

    (H) EFFECTIVE DATE(S) SAME AS PASSAGE

  46. 2025-05-18 1296

    (H) PASSED Y40

  47. 2025-05-18 1296

    (H) READ THE THIRD TIME CSHB 126(TRB) AM

  48. 2025-05-18 1296

    (H) ADVANCED TO THIRD READING UC

  49. 2025-05-18 1296

    (H) MOTION TO RESCIND ACTION (ADOPTED) AM 1 WITHDRAWN

  50. 2025-05-18 1295

    (H) AM NO 2 FAILED Y17 N23

  51. 2025-05-18 1294

    (H) ...CHANGES TITLE OF LEGISLATION

  52. 2025-05-18 1292

    (H) AM NO 1 ADOPTED Y23 N17

  53. 2025-05-18 1292

    (H) TRB CS ADOPTED UC

  54. 2025-05-18 1292

    (H) READ THE SECOND TIME

  55. 2025-05-18 1292

    (H) RULES TO CALENDAR 5/18/2025

  56. 2025-05-14 1188

    (H) FN2: ZERO(CED)

  57. 2025-05-14 1188

    (H) FN1: ZERO(CED)

  58. 2025-05-14 1188

    (H) DP: HOLLAND, PRAX, HALL, HIMSCHOOT, MEARS

  59. 2025-05-14 1188

    (H) CRA RPT CS(TRB) NEW TITLE 5DP

  60. 2025-05-13 Min

    (H) Minutes (HCRA)

  61. 2025-05-13 Text

    (H) Moved CSHB 126(TRB) Out of Committee

  62. 2025-05-13 Text

    (H) COMMUNITY & REGIONAL AFFAIRS at 08:00 AM BARNES 124

  63. 2025-05-08 Min

    (H) Minutes (HCRA)

  64. 2025-05-08 Text

    (H) Heard & Held

  65. 2025-05-08 Text

    (H) COMMUNITY & REGIONAL AFFAIRS at 08:00 AM BARNES 124

  66. 2025-05-02 987

    (H) FN2: ZERO(CED)

  67. 2025-05-02 987

    (H) FN1: ZERO(CED)

  68. 2025-05-02 987

    (H) NR: CARRICK

  69. 2025-05-02 987

    (H) DP: MOORE, UNDERWOOD, SCHWANKE, BURKE, STORY, DIBERT

  70. 2025-05-02 987

    (H) TRB RPT CS(TRB) NEW TITLE 6DP 1NR

  71. 2025-05-01 Min

    (H) Minutes (HTRB)

  72. 2025-05-01 Text

    (H) Moved CSHB 126(TRB) Out of Committee

  73. 2025-05-01 Text

    (H) TRIBAL AFFAIRS at 08:00 AM DAVIS 106

  74. 2025-04-30 974

    (H) COSPONSOR(S): DIBERT

  75. 2025-03-21 515

    (H) COSPONSOR(S): BURKE

  76. 2025-03-11 440

    (H) COSPONSOR(S): JIMMIE

  77. 2025-03-05 297

    (H) TRB, CRA

  78. 2025-03-05 297

    (H) READ THE FIRST TIME - REFERRALS

Official Summary Text

REINSTATEMENT NATIVE CORPS/ANCSA REPORTS
An Act relating to the reinstatement of Native village corporations; relating to proxy solicitations to shareholders of corporations organized under state law under the Alaska Native Claims Settlement Act; and providing for an effective date.

Current Bill Text

Read the full stored bill text 
HB0126E -1- SCS CSHB 126(L&C)
New Text Underlined [DELETED TEXT BRACKETED]

34-LS0099\T

SENATE CS FOR CS FOR HOUSE BILL NO. 126(L&C)

IN THE LEGISLATURE OF THE STATE OF ALASKA

THIRTY-FOURTH LEGISLATURE - SECOND SESSION

BY THE SENATE LABOR AND COMMERCE COMMITTEE

Offered: 5/13/26
Referred: Rules

Sponsor(s): REPRESENTATIVES FOSTER, Jimmie, Burke, Dibert, Josephson, Allard, Bynum, Kopp,
D.Nelson

SENATORS Gray-Jackson, Giessel, Claman, Cronk, Merrick, Stevens
A BILL

FOR AN ACT ENTITLED

"An Act relating to the reinstatement of Native village corporations; relating to proxy 1
solicitations to shareholders of corporations organized under state law under the Alaska 2
Native Claims Settlement Act; and providing for an effective date." 3
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 4
* Section 1. AS 10.06.960(k) is amended to read: 5
(k) Notwithstanding (i) of this section and the requirement provided under 6
AS 10.06.633(e) that a corporation may only be reinstated within two years from 7
the date of the certificate of involuntary dissolution, a corporation that is organized 8
as a Native village corporation under the Act and [,] that has been involuntarily 9
dissolved by the commissioner under AS 10.06.633 [, AND THAT HAS FAILED TO 10
APPLY FOR REINSTATEMENT DURING THE PERIOD ESTABLISHED UNDER 11
AS 10.06.633(e)] may be reinstated under AS 10.06.633(e) at any time [ON OR 12
BEFORE DECEMBER 31, 2020]. The reinstated corporation and its shareholders 13
have all of the rights, privileges, liabilities, and obligations that would have applied to 14
34-LS0099\T
SCS CSHB 126(L&C) -2- HB0126E
New Text Underlined [DELETED TEXT BRACKETED]

them if the corporation had not been dissolved, and all corporate and shareholder 1
actions taken during the period of dissolution are considered to be as valid as if 2
dissolution had not occurred. If a corporation elects to reinstate under this subsection 3
and if the corporation's previously used corporate name is no longer available for use 4
by the corporation, then, notwithstanding AS 10.06.502 - 10.06.510, an amendment to 5
the articles of incorporation changing the previously used corporate name may be 6
adopted by action of the corporation's board of directors alone. 7
* Sec. 2. AS 45.55.139 is amended to read: 8
Sec. 45.55.139. Reports of corporations. A copy of all annual reports, 9
proxies, consents or authorizations, proxy statements, and other materials relating to 10
proxy solicitations distributed, published, or made available by any person to at least 11
30 Alaska resident shareholders of a corporation organized under Alaska law under 43 12
U.S.C. 1601 et seq. (Alaska Native Claims Settlement Act) with [THAT HAS 13
TOTAL ASSETS EXCEEDING $1,000,000 AND] a class of equity security held of 14
record by 500 or more original shareholders when the corporation was originally 15
organized [PERSONS] shall be filed with the administrator concurrently with its 16
distribution to shareholders. 17
* Sec. 3. This Act takes effect immediately under AS 01.10.070(c). 18