Under the terms of ANCSA, shareholders who are at least 18 years of age are able to gift to a child, grandchild, great grandchild, niece, nephew, brother, or sister. Recipients must be related by birth or legal adoption before the recipient turned 18 years of age. By law, the recipient of shares must be Alaska Native as defined under ANCSA. To complete a gifting of shares, the shareholder must submit the Gifting Packet to Shareholder Services with the required documents for proof of relationship and proof of Alaska Native blood quantum.
Under ANCSA amendments, shareholders cannot gift shares to parents, spouses, or relatives by
By law, the recipient of shares must be Alaska Native as defined under ANCSA.
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