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ASRC Enrollment
When the U.S. Congress passed the 1971 Alaska Native Claims Settlement Act (ANCSA) it created an opportunity for Alaska Natives, with at least 1/4 native blood, born before 1971 to enroll into one (1) of twelve regional Native corporations. Upon enrollment into an Alaskan Native regional corporation stockholders received an average of one hundred (100) shares of stock. A provision of ANCSA was that the stock in the regional corporations could not be publicly traded or sold until 1991.
ANCSA Amendmant
In 1988 congress amended ANCSA, which made it possible for Alaskan Native regional corporations to restrict the trade or sale of its stock. It also gave the corporations, if they chose to, the ability to enroll Alaska Natives born after 1971.
Stock Classes
There are five classes of ASRC stock; Class A, Class B, and following the amendments to ANCSA, in 1989 shareholders approved the issuance of Class C, D and E stock to new enrollees . When ASRC was incorporated in 1972 the original shareholder enrollment was 3,800 - today there are nearly 9,000 shareholders enrolled in ASRC.
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The ASRC Stock Department is responsible for:
Shareholder Enrollment
Distribution of dividends
Shareholder meetings
Transfer of Stock through; Gift of Stock, Last Will and Testament, and Intestate Succession (if there is no Will.)
It is the responsibility of the Stock Department to remain in contact with shareholders. Promoting this action allows ASRC to keep shareholders informed on any changes in policy. If you recently moved, or your name changed because of marriage or any other reason, please contact the ASRC Stock Department by downloading the Change of Address Form.
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Dividend Direct Deposit
Also, ASRC shareholders have the opportunity to have their future dividend checks electronically direct deposited into a financial institution of their choice. If you want to apply for this option please download the
Dividend Direct Deposit form.
FIT Authorization
ASRC shareholders can elect to have federal income tax witheld from their dividends
and distributions. FIT Withholding Authorization form.
ASRC Forms
For more forms and information
please click here.
More Information
For questions or comments, please contact the Stock department at the below address.
Arctic Slope Regional Corporation
attn: Stock Department
P.O. Box 129
Barrow, Alaska 99723
phone: 907-852-8633 fax: 907-852-9457
toll free: 1-800-770-2772
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