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Posted by Veronica on 5/8/2008, 9:08 am, in reply to "Re: Doyon, Limited May 2008 7(i) Distribution"
206.174.59.34
Shareholders owning Class B shares will receive a check based on section 7(i) of the Alaska Native Claims Settlement Act (ANCSA). This section requires each regional corporations share with the other regional corporations 70 percent of the net profits derived from subsurface resources. Shareholders owning Class B shares and village corporations receive the 7(i) distribution based on a formula in ANCSA.
Class B shareholders are shareholders who were never enrolled into a village corporation, such as MTNT.
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