An Update for Ineligible Descendants
Wednesday, September 28, 2022
Sealaska cannot issue stock to descendants who were born before December 18, 1971 and are less than one-quarter Alaska Native unless the Alaska Native Claims Settlement Act (ANCSA) is amended to authorize a new class of shares and another shareholder vote.
We would need the support of other ANCSA regional corporations to make this happen. That is highly unlikely, as half of them have not authorized descendant stock at all.
For the foreseeable future, descendants born before December 18, 1971 whose blood quantum is less than one quarter will need to rely on the gifting program and inheritance of original shares.