43 U.S.C. § 1625
Securities laws exemption
United States · Title 43 — PUBLIC LANDS · Status: effective
Cite this
- Citation
- 43 U.S.C. § 1625, Securities laws exemption, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/486387
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Full text
A Native Corporation shall be exempt from the provisions, as amended, of the Investment Company Act of 1940 (54 Stat. 789) [15 U.S.C. 80a–1 et seq.], the Securities Act of 1933 (48 Stat. 74) [15 U.S.C. 77a et seq.], and the Securities Exchange Act of 1934 (48 Stat. 881) [15 U.S.C. 78a et seq.] until the earlier of the day after—
the date on which the corporation issues shares of stock other than Settlement Common Stock in a transaction where—
the shares are issued to persons or entities other than—
No provision of this section shall be construed to require or imply that a Native Corporation shall, or shall not, be subject to provisions of the Acts listed in subsection (a) after any of the dates described in subsection (a).
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- An Act to provide, under or by amendment of the Alaska Native Claims Settlement Act, for the late enrollment of certain Natives, the establishment of an escrow account for the proceeds of certain lands, the treatment of certain payments and grants, and the consolidation of existing regional corporations, and for other purposes.House: no recorded tallySenate: no recorded tally
- Alaska Native Claims Settlement Act Amendments of 1987House: no recorded tallySenate: no recorded tally