Legislature(2015 - 2016)BARNES 124
03/28/2015 10:00 AM House COMMUNITY & REGIONAL AFFAIRS
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| Audio | Topic |
|---|---|
| Start | |
| HB149 | |
| HB118 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| + | TELECONFERENCED | ||
| += | HB 149 | TELECONFERENCED | |
| += | HB 118 | TELECONFERENCED | |
HB 149-NATIVE CORP. ART. AMENDMENTS
10:07:28 AM
CHAIR TILTON announced that the first order of business would be
HOUSE BILL NO. 149, "An Act relating to an amendment of the
articles of incorporation of certain Native corporations to
establish a lower quorum requirement for shareholder meetings."
10:07:59 AM
REPRESENTATIVE LANCE PRUITT, Alaska State Legislature, speaking
as the sponsor of HB 149, clarified that the requirement being
made is that when corporations change their articles of
incorporation related to changing the quorum, the majority of
the quorum, which would be 50 percent plus one of the
shareholders, would have to vote in the affirmative. The
aforementioned is different than the requirements for those
corporations formed after 1989, which have an affirmative vote
of 50 percent plus one of the shareholders. In the case of
Doyon, Limited, he recalled its quorum numbers were 56 percent,
and thus almost all of the quorum would need to vote in the
affirmative. He then turned to the suggestion from the prior
hearing that other corporations established prior to 1989,
outside of Alaska Native corporations, should also be included
in HB 149. He opined that it's appropriate to continue to focus
on the Alaska Native corporations [established prior to 1989].
10:11:21 AM
REPRESENTATIVE HUGHES thanked the sponsor for his efforts, and
noted her agreement that Alaska is in a unique situation. She
then inquired as to the age at which youth are eligible to
become a shareholder.
REPRESENTATIVE PRUITT answered that the corporations that have
specified an age [at which youth can become a shareholder] have
specified age 18.
10:11:59 AM
REPRESENTATIVE HUGHES surmised then that [Alaska Native
corporations established prior to 1989] are really in a
different category in terms of the influx of youth [becoming
shareholders], particularly in contrast to corporations formed
prior to 1989. She said she understood the need for HB 149 and
supported moving it forward.
10:13:15 AM
REPRESENTATIVE SEATON expressed the desire for the spreadsheet
to be equalized as the legislation moves forward.
10:14:01 AM
CHAIR TILTON, noting that public testimony had been closed at
the prior hearing, re-opened public testimony. Upon
determining, no one wished to testify, closed public testimony.
10:16:02 AM
REPRESENTATIVE SEATON remarked that HB 149 embodies a good
change.
10:16:17 AM
REPRESENTATIVE SEATON moved to report HB 149 out of committee
with individual recommendations and the accompanying zero fiscal
notes. There being no objection, HB 149 was reported from the
House Community and Regional Affairs Standing Committee.
| Document Name | Date/Time | Subjects |
|---|---|---|
| CSHB 118, Version H.pdf |
HCRA 3/28/2015 10:00:00 AM |
HB 118 |
| HB 149 - Updated Flow Chart 3-27-15.pdf |
HCRA 3/28/2015 10:00:00 AM |
HB 149 |