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43 U.S.C. § 1629b

Procedures for considering amendments and resolutions

United States · Title 43 — PUBLIC LANDS · Status: effective

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43 U.S.C. § 1629b, Procedures for considering amendments and resolutions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/486393
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Notwithstanding any provision of the articles of incorporation and bylaws of a Native Corporation or of the laws of the State, except those related to proxy statements and solicitations that are not inconsistent with this section— The board of directors may, but shall not be required to, appraise or otherwise determine the value of— the surface estate of land that is both— The requirements of the laws of the State relating to the solicitation of proxies shall govern solicitation of signatures for a petition described in subparagraph (A) except that the requirements of Federal law shall govern the solicitation of signatures for a petition that is to be submitted to a Native Corporation which at the time of such submission has issued a class of equity securities registered pursuant to the Securities Exchange Act of 1934 [15 U.S.C. 78a et seq.]. If a petition meets the applicable solicitation requirements and— Except as otherwise set forth in subsection (d)(3) of this section, an amendment or resolution described in subsection (a) shall be considered to be approved by the shareholders of a Native Corporation if it receives the affirmative vote of shares representing— A resolution described in subsection (a)(3) or an amendment to articles of incorporation under section 1606(g)(1)(B) of this title shall be considered to be approved by the shareholders of a Native Corporation if it receives the affirmative vote of shares representing— For the purposes of this section, the determination of total voting power of a Native Corporation shall include all outstanding shares of stock that carry voting rights except shares that are not permitted to vote on the amendment or resolution in question because of restrictions in the articles of incorporation of the corporation. For purposes of this section and section 1629e of this title, a Native Corporation shall be considered to be transferring all or substantially all of its assets to a Settlement Trust only if such assets represent two-thirds or more of the fair market value of the Native Corporation’s total assets.

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.

  • Amended byPub. L. 100-241(H.R. 278)1988-02-03
    Alaska Native Claims Settlement Act Amendments of 1987
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 108-7(H.J.Res. 2)2003-02-20
    Consolidated Appropriations Resolution, 2003
  • Amended byPub. L. 109-179(S. 449)2006-03-13
    A bill to facilitate shareholder consideration of proposals to make Settlement Common Stock under the Alaska Native Claims Settlement Act available to missed enrollees, eligible elders, and eligible persons born after December 18, 1971, and for other purposes.
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 109-221(H.R. 3351)2006-05-12
    Native American Technical Corrections Act of 2006
    House: no recorded tallySenate: no recorded tally