As a part of the settlement of the aboriginal claims of Alaska�s Natives, Congress required that a regional corporation, authorized by ANCSA, receiving revenues from certain sources of wealth share those revenues with its sister corporations. Section 7(i) provides:
Elizabeth Johnson, Thomas Gingras, Anchorage, Alaska, Brice M. Clagett, Washington, D. C., for Bristol Bay Native Corp.
Hal R. Horton, Birch, Horton, Bittner, Monroe, Pestinger & Anderson, Anchorage, Alaska, for Calista Corp.
Allen McGrath, Graham & James, Anchorage, Alaska, Joyce Bamberger, Anchorage, Alaska, for Cook Inlet Region, Inc.
Adds precedent that influences how ANCSA corporations, regulators, and shareholders interpret governance rights and remedies.