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Being a Shareholder or Descendant

Explore the benefits and obligations of Shareholder and Descendants status.

Your Role in the CIRI Community

When the Alaska Native Claims Settlement Act passed, 13 Alaska Native regional corporations were created and each enrolled Alaska Native individual received 100 shares of stock in their regional and/or village corporation. These shares of stock represent ownership of the corporation. 

Shareholders own CIRI stock. With that stock ownership comes three important responsibilities: 

  1. Keeping current records with the CIRI Shareholder Relations Department 

  2. Voting in corporate elections

  3. Maintaining a valid, up-to-date Stock Will on file at CIRI. 

More information on being a CIRI Shareholder or Descendant below:

CIRI invites Descendants of CIRI Shareholders to register their information with the corporation. This allows CIRI and its family of socially driven enterprises to communicate regarding potential opportunities and items of interest and assist in making eligibility determinations for certain programs and services. Submitted information is treated confidentially and used only for these purposes, unless otherwise approved by the applicant.

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Voting in the annual election of directors and participating in advisory and other votes ensures that your voice is heard in any decision-making process.  

The ANCSA Amendments of 1987 allow that regardless of blood quantum, inherited shares also carry voting rights if the recipient is a “Descendant of a Native.” The amendments define “Descendant of a Native” as a lineal Descendant of a Native, or an adoptee of a Native or Descendant of a Native whose adoption occurred prior to his or her majority and is recognized at law or in equity. 

To ensure voting rights remain in Alaska Native hands, a Shareholder who inherits CIRI stock must provide proof that he or she is Alaska Native or is of Alaska Native descent before voting stock can be issued. 

If you are Alaska Native or an Alaska Native Descendant but you hold non-voting shares of CIRI stock, we urge you to provide proof of your Native descent so that your shares can be reissued to carry voting rights. To encourage participation and ensure the presence of a quorum, CIRI provides a mix of prizes in connection with its Annual Meetings of Shareholders. By voting (for any proxyholder or candidate), you would become eligible to have your name included in those prize drawings. Additionally, service on the CIRI Board of Directors is limited to voting CIRI Shareholders. 

CIRI needs your help locating missing Shareholders. 

We have received returned mail for the following Shareholders. When CIRI mail is returned as undeliverable, distributions are held and the Shareholder does not qualify to participate in any prize drawings until the address is updated. 

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