Everything about Bering Straits Native Corporation totally explained
Bering Straits Native Corporation, or
BSNC, 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. Bering Straits Native Corporation was incorporated in
Alaska on June 23, 1972. Headquartered in
Nome,
Alaska, Bering Straits Native Corporation is a for-profit corporation with about 6.200
Alaska Native shareholders primarily of
Inupiat,
Siberian Yupik, and
Yup'ik descent.
Officers and Directors
A current listing of Bering Straits Native Corporation's officers and directors, as well as documents filed with the State of Alaska since BSNC'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.
Shareholders
At incorporation, Bering Straits Native Corporation enrolled about 6,000
Alaska Native shareholders, each of whom received 100 shares of BSNC stock. As an ANCSA corporation, BSNC has no publicly traded stock and its shares can't legally be sold.
Lands
The BSNC region encompasses most of the
Seward Peninsula and eastern
Norton Sound in
Alaska. BSNC's land entitlement under
ANCSA includes over 2.2 million acres (8,900 km²) of surface and/or subsurface estate in this region.
Business enterprises
Under federal law, Bering Straits 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)).
Further Information
Get more info on 'Bering Straits Native Corporation'.
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