Bristol Bay Native Corporation

Bristol Bay Native Corporation, or BBNC, is one of thirteen Alaska Native Regional Corporations created under the Alaska Native Claims Settlement Act of 1971 (ANCSA) in settlement of aboriginal land claims. Bristol Bay Native Corporation was incorporated in Alaska on June 13, 1972.Corporations Database. [https://myalaska.state.ak.us/business/soskb/Corp.asp?240255 Bristol Bay Native Corporation] . Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development. Retrieved on 2007-03-27.] Headquartered in Anchorage, Alaska, Bristol Bay Native Corporation is a for-profit corporation with about 7,800 Alaska Native shareholders primarily of Yup'ik, Alutiiq, Aleut, and Dena'ina Athabaskan descent.

Officers and Directors

A current listing of Bristol Bay Native Corporation's officers and directors, as well as documents filed with the State of Alaska since BBNC's incorporation, are available online through the Corporations Database of the Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development.

hareholders

At incorporation, Bristol Bay Native Corporation enrolled 5,401 Alaska Native shareholders,Bristol Bay Native Corporation. (2006). [http://www.bbnc.net/our_land/regional_maps/ "Bristol Bay Region Facts."] Retrieved on 2007-03-27.] each of whom received 100 shares of BBNC stock. BBNC presently has about 7,800 shareholders.Bristol Bay Native Corporation. (2006). [http://www.bbnc.net/who_we_are/ "About Us."] Retrieved on 2007-03-27.] As an ANCSA corporation, BBNC has no publicly traded stock and its shares cannot legally be sold.

Lands

The BBNC region encompasses of about 34 million acres (140,000 km²), about the size of the state of Ohio, around Bristol Bay and the northern Alaska Peninsula in southcentral Alaska. Of this, BBNC's land entitlement under ANCSA includes 101,500 acres (411 km²) of surface estate and 2,716,000 acres (10,990 km²) subsurface estate.

Alaska Governor and Vice-Presidential nominee Sarah Palin disclosed her finances in 2007, reporting at least $5,000 worth of dividends in BBNC for the 2006 calendar year.

Business enterprises

Under federal law, Bristol Bay Native Corporation and its majority-owned subsidiaries, joint ventures and partnerships are deemed to be "minority and economically disadvantaged business enterprise [s] " (43 USC 1626(e)).

ee also

Badger Army Ammunition Plant, a site operated by BBNC company [http://www.specpro-inc.com SpecPro, Inc.]

References

External links

* [http://www.bbnc.net/ Bristol Bay Native Corporation] (official website).