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Division of Banking and Securities

Alaska Native Claims Settlement Act (ANCSA)

ANCSA Filings

The Alaska Securities Act (AS 45.55.139) requires corporations organized under the Alaska Native Claims Settlement Act (ANCSA), 43 U.S.C. 1601 et seq, with 500 or more shareholders and over $1,000,000 in assets to file their annual reports, proxies, consents or authorizations, proxy statements, and other materials relating to proxy solicitations with the State of Alaska Division of Banking and Securities. Shareholders of these ANCSA corporations are required to file proxy materials as well.

Materials may be filed with the Division in paper format, digital media format (CD or DVD), or electronically (pdf). If materials are filed in paper format or digital media format, two copies are required, and may be sent directly to the Division at 550 W. 7 th Ave., Suite 1850, Anchorage, Alaska, 99501. Materials filed electronically may be e-mailed to or uploaded to the Alaska ZendTo system.

Information for Shareholders of ANCSA Corporations

The Division of Banking and Securities has developed a booklet to provide ANCSA shareholders with information to assist them in their roles as owners of their corporations. Particularly, the booklet addresses issues a shareholder might encounter when seeking information about their corporation, or when deciding whether to run as a candidate for the board of directors.

The Alaska Corporations Code

The Alaska Corporations Code (AS 10.06) addresses a wide range of topics from formation of the corporation through dissolution, including annual meetings (AS 10.06.405), proxies (AS 10.06.418), voting of shares (AS 10.06.420), and many other areas. Questions involving the Corporations Code should be directed to the Division of Corporations, Business and Professional Licensing at (907) 465-2550 in Juneau or (907) 269-8160 in Anchorage.

Corporation Bylaws

In addition to the Alaska statutes and regulations that govern ANCSA corporations and shareholders, each individual corporation may have adopted bylaws that further define the rights and requirements of its shareholders. Therefore, individuals should review the corporation’s bylaws and check with the corporation to see what the bylaws permit, prohibit, or require.

Frequently Asked Questions

Can the Division of Banking and Securities help me if my corporation is not providing me with a shareholder mailing list, minutes from a board meeting, or other information I feel I am entitled to as a shareholder? Can I get copies of ANCSA proxy solicitations and annual reports filed with the Division of Banking and Securities? How long does the Division of Banking and Securities keep ANCSA proxy filings? If I am a candidate for the ANCSA corporation board of directors, do I need to file anything with the Division of Banking and Securities?

Filing a Complaint

If you believe a violation has occurred that the Division of Banking and Securities has authority to investigate (such as failure to file proxy materials, failure to make required disclosures in proxy materials, false and misleading information in proxy solicitations, etc.), you may file a request for investigation with the Division. Your request must be in writing and submitted on the ANCSA Request for Investigation form or contain the same information as that form requests.

Once you have completed the Request for Investigation Form, you must sign it, date it, and mail, fax, or email it to the Division.  The Division will review your request and determine whether further information is required from you or from the person or persons identified in your request.

Alaska Statutes and Regulations

The Alaska statutes and regulations relating to ANCSA corporations and shareholders are intended to promote transparency in the solicitation process and the fairness of elections. They are also intended to help protect shareholders and corporations from unscrupulous individuals. To view the full text of the ANCSA Regulations, please click here.

Fee Schedule

The fee schedule as of March 20, 2016 for ANCSA corporations subject to the requirements of AS 45.55.139.

Annual Filing Fee

Annual filing fee: $250

Additional Fee

Additional fee based on the corporation's total assets as reported in its last annual report according to the following schedule:

  • Total assets up to $5,000,000: $250
  • Total assets up to $5,000,001 or more, but not over $15,000,000: $500
  • Total assets up to $15,000,001 or more, but not over $50,000,000: $1,250
  • Total assets up to $50,000,001 or more, but not over $100,000,000: $2,500
  • Total assets up to $100,000,001 or more, but not over $250,000,000: $5,000
  • Total assets up to $250,000,001 or more, but not over $500,000,000: $12,500
  • Total assets up to $500,000,001 or more: $25,000

The annual filing fee and additional fee are due concurrently with the filing of the corporation's annual report (3 AAC 08.920(c)). These fees may be paid by check with the annual report or separately by credit card.

Credit Card Payment Form

Other Questions

If you have any other questions that were not answered on this page, or in the Information for Shareholders of ANCSA Corporations booklet referenced above, please contact the Division of Banking and Securities in Anchorage at (907) 269-8140, toll-free at (888) 925-2521, or by email at