§ 1607. — Village Corporations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 43USC1607]
TITLE 43--PUBLIC LANDS
CHAPTER 33--ALASKA NATIVE CLAIMS SETTLEMENT
Sec. 1607. Village Corporations
(a) Organization of Corporation prerequisite to receipt of patent to
lands or benefits under chapter
The Native residents of each Native village entitled to receive
lands and benefits under this chapter shall organize as a business for
profit or nonprofit corporation under the laws of the State before the
Native village may receive patent to lands or benefits under this
chapter, except as otherwise provided.
(b) Regional Corporation: approval of initial articles; review and
approval of amendments to articles and annual budgets;
assistance in preparation of articles and other documents
The initial articles of incorporation for each Village Corporation
shall be subject to the approval of the Regional Corporation for the
region in which the village is located. Amendments to the articles of
incorporation and the annual budgets of the Village Corporations shall,
for a period of five years, be subject to review and approval by the
Regional Corporation. The Regional Corporation shall assist and advise
Native villages in the preparation of articles of incorporation and
other documents necessary to meet the requirements of this subsection.
(c) Applicability of section 1606
The provisions of subsections (g), (h) (other than paragraph (4)),
and (o) of section 1606 of this title shall apply in all respects to
Village Corporations, Urban Corporations, and Group Corporations.
(Pub. L. 92-203, Sec. 8, Dec. 18, 1971, 85 Stat. 694; Pub. L. 96-487,
title XIV, Sec. 1401(b), Dec. 2, 1980, 94 Stat. 2492; Pub. L. 100-241,
Sec. 6, Feb. 3, 1988, 101 Stat. 1795; Pub. L. 104-10, Sec. 1(b), May 18,
1995, 109 Stat. 157.)
Amendments
1995--Subsec. (c). Pub. L. 104-10 substituted ``(h) (other than
paragraph (4))'' for ``(h)''.
1988--Subsec. (c). Pub. L. 100-241 amended subsec. (c) generally.
Prior to amendment, subsec. (c) read as follows: ``The provisions
concerning stock alienation, annual audit, and transfer of stock
ownership on death or by court decree provided for regional corporations
in section 1606 of this title, including the provisions of section
1606(h)(3) of this title shall apply to Village Corporations Urban
Corporations and Native Groups; except that audits need not be
transmitted to the Committee on Interior and Insular Affairs of the
House of Representatives or to the Committee on Energy and Natural
Resources of the Senate.''
1980--Subsec. (c). Pub. L. 96-487 inserted provision making
provisions of section 1606 of this title, including section 1606(h)(3)
of this title, applicable to Village Corporations, Urban Corporations,
and Native Groups and substituted provision that audits need not be
transmitted to the Committee on Interior and Insular Affairs of the
House of Representatives or the Committee on Energy and Natural
Resources of the Senate for provision that audits need not be
transmitted to the Committees on Interior and Insular Affairs of the
Senate and the House of Representatives.
Section Referred to in Other Sections
This section is referred to in sections 1620, 1627 of this title;
title 16 section 1155; title 25 section 450i; title 42 section 1382b.
