This bill amends Alaska's corporate law to facilitate the reinstatement of Native village corporations that have been involuntarily dissolved. Specifically, it allows these corporations to be reinstated at any time, regardless of the previous two-year limitation from the date of dissolution. The bill removes the requirement that corporations must apply for reinstatement within a specified period and eliminates the deadline of December 31, 2020, for reinstatement applications. This change ensures that Native village corporations can regain their rights, privileges, and obligations as if they had never been dissolved, and validates any corporate actions taken during the dissolution period.

Additionally, if a reinstated corporation finds that its former corporate name is no longer available, the bill permits the board of directors to amend the articles of incorporation to adopt a new name without needing to follow the usual procedures outlined in AS 10.06.502 - 10.06.510. The bill is set to take effect immediately upon enactment.

Statutes affected:
HB0126A, AM HB 126, introduced 03/05/2025: 10.06.960
HB0126B, AM CSHB 126(TRB), introduced 05/02/2025: 10.06.960
HB0126C, AM CSHB 126(TRB) am, introduced 05/18/2025: 10.06.960, 10.06.633, 10.06.502, 10.06.510, 10.20.325, 10.20.021, 10.20.630, 10.40.150
HB0126D, AM SCS CSHB 126(CRA), introduced 03/04/2026: 10.06.960