Alaska Native Claims Settlement Act : the first twenty years / Lennard Sillanpaa. : R73-3/92-07E-PDF

"The Alaska Native Claims Settlement Act (ANCSA) of 1971 extinguished all Native claims of aboriginal title by the Indians, Aleut and Inuit living in Alaska, including aboriginal hunting and fishing rights. Alaska native peoples received a total cash settlement of $962.5 million and title, including both surface and subsurface, to almost 1/9th of the total land mass of Alaska. Congress also created twelve profit-oriented regional corporations and more than 200 Native village corporations. All Alaska Natives living at the time of the enactment could be enrolled as shareholders in these corporations which, in turn, administered the lands that were conveyed to Native groups. Today, there are two categories of Alaska Native: those enrolled as ANCSA shareholders and those recognized as Alaska Natives but having no shares in ANCSA corporations. Only ANCSA shareholders can exercise control of ANCSA corporations. A number of studies indicate that many ANCSA shareholders would readily sell their stock for cash. However, a fundamental concern for most Alaska Natives is that if they lose control of their corporations, they will also lose the lands obtained under ANCSA. This vulnerability underlines the precarious position of their assets."--Abstract.

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