1996-02-09                     House Journal                      Page 2700
HB 392                                                                       
The following was read the second time:                                        
                                                                               
HOUSE BILL NO. 392                                                            
An Act relating to the affirmative vote necessary to amend the                
articles of incorporation of Native village corporations to authorize          
the classification of directors.                                               
                                                                               
with the:                                                 Journal Page         
                                                                               
	CRA RPT  2DP 2NR                                                 2462         
	2 ZERO FNS (DHSS, DCRA)                                          2462         
	JUD RPT  4DP                                                     2566         
	2 ZERO FNS (DCED*, DCRA) 1/17/96                                 2566         
	DCED PREVIOUSLY NOTED AS DHSS FN                                 2566         
	FIN REFERRAL WAIVED                                              2613         
                                                                               
Amendment No. 1 was offered  by Representative Ivan:                            
                                                                               
Page 1, line 1, following "relating" (title amendment):                      
	Insert "to the reinstatement of dissolved Native village                     
corporations, and"                                                            
                                                                               
Page 1, line 5, following "* Section 1.":                                    
	Insert "AS10.06.960 is amended by adding a new subsection to                  
read:                                                                          
	(l)  Notwithstanding (i) of this section and AS10.06.633(e),                 
a corporation that is organized as a Native village corporation                
under the act, that has been involuntarily dissolved by the                    
commissioner under AS10.06.633, and that has failed to apply for               
reinstatement during the period established under AS10.06.633(e)               
may be reinstated under AS10.06.633(e) within one year after the               
effective date of this Act.  The reinstated corporation and its                
shareholders have all of the rights, privileges, liabilities, and              

1996-02-09                     House Journal                      Page 2701
HB 392                                                                       
obligations that would have applied to them if the corporation had            
not been dissolved, and all corporate and shareholder actions taken            
during the period of dissolution are considered to be as valid as if           
dissolution had not occurred.                                                  
   * Sec. 2."                                                                
                                                                               
Representative Ivan moved and asked unanimous consent that                     
Amendment No. 1 be adopted.                                                    
                                                                               
There being no objection, it was so ordered and the new title appears          
below:                                                                         
                                                                               
HOUSE BILL NO. 392 am                                                         
An Act relating to the reinstatement of dissolved Native village              
corporations, and to the affirmative vote necessary to amend the               
articles of incorporation of Native village corporations to authorize          
the classification of directors.                                               
                                                                               
The Speaker stated that HB 392 am will be in third reading on the              
February 12, 1996, calendar.