Bill > HB126

This bill amends existing Alaska law to allow Native village corporations, which are business entities organized for the benefit of Alaska Native villages, to be reinstated at any time, even if they were involuntarily dissolved by the commissioner and missed the original two-year deadline for reinstatement. Previously, there was a strict two-year limit to apply for reinstatement after dissolution, and this bill removes that limitation for Native village corporations. The bill also makes a similar provision for nonprofit corporations organized for a religious purpose and religious corporations, allowing them to be reinstated at any time, removing the previous two-year limit. This means that if a corporation's name is no longer available upon reinstatement, the board of directors can change the name without needing shareholder approval. The bill takes effect immediately upon passage.

Business and Industry, Government Affairs

https://www.akleg.gov/basis/Bill/Detail/34?Root=HB126