The initial issue of stock of a corporation organized under Alaska law under 43 U.S.C. 1601 et seq. (Alaska Native Claims Settlement Act) is not a sale of a security under AS 45.56.100 and 45.56.900(29).
Structure Alaska Statutes
Chapter 55. Alaska Native Claims Settlement Act Corporations Proxy Solicitations and Stock
Sec. 45.55.138. Application to Alaska Native Claims Settlement Act corporations.
Sec. 45.55.139. Reports of corporations.
Sec. 45.55.160. Misleading filings.
Sec. 45.55.905. Administration of chapter.
Sec. 45.55.910. Investigations and subpoenas; confidentiality.
Sec. 45.55.920. Orders, injunctions, and civil penalties.
Sec. 45.55.925. Criminal penalties.
Sec. 45.55.940. Judicial review of orders.
Sec. 45.55.950. Regulations, forms, orders, and hearings.