S.685 - A bill to authorize certain corporations under the Alaska Native Claims Settlement Act to merge or consolidate.94th Congress (1975-1976)
|Sponsor:||Sen. Stevens, Ted [R-AK] (Introduced 02/17/1975)|
|Committees:||Senate - Interior and Insular Affairs|
|Latest Action:||Senate - 02/17/1975 Referred to Senate Committee on Interior and Insular Affairs. (All Actions)|
This bill has the status Introduced
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Summary: S.685 — 94th Congress (1975-1976)All Information (Except Text)
Introduced in Senate (02/17/1975)
Authorizes the merger or consolidation of village corporations formed within the same region of Alaska under the Alaska Native Claims Settlement Act. Permits the subsequent merger of any such merged corporations with other such merged corporations within the same region. States that such mergers shall be on mergers voted on by shareholders either before or after this bill's enactment. States that the merged corporation would be entitled to all rights and benefits of the Alaska Native Claims Settlement Act and shall be subject to all the restrictions and obligations of such Act.
Permits the elimination, under specified circumstances, of the extra rights given to nonvillage residents as part of the terms of a merger or consolidation.