TN 29 (07-90)
SI 01120.105 Certain Stock in Alaska Regional or Village Corporations
Act as amended, section 1613(a)(5);
20 CFR 416.1228
A. Policy principles
1. Stock Not Transferable
The term “resources” does not include shares of stock held by a native Alaskan in a regional or village corporation during the 20-year period in which the stock is inalienable (nontransferable) under sections 7(h) and 8(c) of the Alaska Native Claims Settlement Act (ANCSA).
2. Stock Becomes Transferable
Effective January 1, 1992, this stock becomes transferable and will then meet the definition of a resource. However, a statutory exclusion applies (SI 00830.830).
B. Development and documentation
If your office is in the Seattle Region,refer to regional instructions on ANCSA. If a case arises outside that region, use Seattle regional instructions. You can obtain additional information by contacting the Seattle RO through your own RO.