Prior to January 1, 1992, stock held by Alaska natives in regional or village corporations was inalienable
under sections 7(h) and 8(c) of the Alaska Native Claims Settlement Act. During that
period, the stock was not a resource because its ownership was not transferable.
Beginning January 1, 1992, this stock is transferable and meets the definition of a resource for SSI purposes.
However, since February 3, 1988, a statutory exclusion has applied.
See SI 01120.105 for procedures related to stock held by Alaska natives.
See SI 00830.830 for additional information on the Alaska Native Claims Settlement Act.