Legislature(1995 - 1996)
1996-02-09 House JournalFull Journal pdf
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.