To make technical corrections.

1. Inserts new text wherever appropriate

   Inserts

   Inserted: SEC. . CLARIFICATION OF ALASKA NATIVE SETTLEMENT TRUSTS.

   Inserted: (A) Section of P.L. (43 U.S.C. 1629b) is amended:

   Inserted: (1) at subsection (d)(1) by striking "An

   Inserted: "(2) by creating the following new subsection:

   Inserted: "(d)(3) A resolution described in subsection (a)(3) of this section shall be considered to be approved by the shareholders of a Native Corporation if it receives the affirmative vote of shares representing--

   Inserted: "(A) a majority of the shares present or represented by proxy at the meeting relating to such resolution, or

   Inserted: "(B) an amount of shares greater than a majority of the shares present or represented by proxy at the meeting relating to such resolution (but not greater than two-thirds of the total voting power of the corporation) if the corporation establishes such a level by an amendment to its articles of incorporation.";

   Inserted: "(3) by creating the following new subsection:

   Inserted: "(f) Substantially all of the assets. For purposes of this section and section 1629e of this title, a Native Corporation shall be considered to be transferring all or substantially all of its assets to a Settlement Trust only if such assets represent two-thirds or more of the fair market value of the Native Corporation's total assets.

   Inserted: "(B) Section of P.L. (43 U.S.C. 1629e) is amended by striking subsection (B) and inserting in its place the following:

   Inserted: "(B) shall give rise to dissenters rights to the extent provided under the laws of the State only if:

   Inserted: "(i) the rights of beneficiaries in the Settlement Trust receiving a conveyance are inalienable; and

   Show 1 more inserted paragraphShow less

   Inserted: "(ii) a shareholder vote on such transfer is required by (a)(4) of section 1629b of this title."

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place in the bill insert the following new section:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed