Summary: S.1495 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.1495. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (06/29/2017)

ANCSA Fractional Shares Consolidation Act of 2017

This bill amends the Alaska Native Claims Settlement Act to allow Alaska Native regional corporations to issue a full share of any class of stock, for no consideration, in exchange for a fractional share of the same class of stock, held by any shareholder, as long as the corporation exchanges all fractional shares of a class of stock for full shares at the same time.

After converting fractional shares of stock to full shares, a corporation may adopt a policy that provides for the elimination of fractional shares.