Examples of Settlement Common Stock in a sentence
A Regional Corporation may amend its articles of incorporation to authorize the issu- ance of shares of stock other than Settlement Common Stock in accordance with the provi- sions of this paragraph.
Sale of Settlement Common Stock in ac- cordance with this paragraph shall not dimin- ish a shareholder’s status as an Alaska Native or descendant of a Native for the purpose of qualifying for those programs, benefits and services or other rights or privileges set out for the benefit of Alaska Natives and Native Americans.
Except as provided in subparagraph (E), each sale and purchase made under this paragraph shall be made pur- suant to an offer made on the same terms to all holders of Settlement Common Stock of the Cook Inlet Regional Corporation.
Subject to subparagraph (D), and not- withstanding paragraph (1)(B), the sharehold- ers of Cook Inlet Regional Corporation may, in accordance with an amendment made pur- suant to subparagraph (B), sell the Settlement Common Stock of the Cook Inlet Regional Corporation to itself.
Upon the death of a holder of Settlement Common Stock, ownership of such stock (un- less canceled in accordance with subsection (g)(1)(B)(iii) of this section) shall be trans- ferred in accordance with the lawful will of such holder or pursuant to applicable laws of intestate succession.
The consideration given for the purchase of Settlement Common Stock made pursuant to an offer to purchase that provides for such consideration may be in the form of cash, se- curities, or a combination of cash and securi- ties, as determined by the board of directors of Cook Inlet Regional Corporation, in a manner consistent with an amendment made pursuant to subparagraph (B).
Settlement Common Stock issued pursu- ant to clause (i) shall not carry rights to share in distributions made to shareholders pursu- ant to subsections (j) and (m) of this section unless, prior to the issuance of such stock, a majority of the class of existing holders of Settlement Common Stock carrying such rights separately approve the granting of such rights.
A demand for payment made pursuant to paragraph (1)(A) shall be honored only if at the same time as the vote giving rise to the de- mand, the shareholders of the corporation ap- proved a resolution providing for the purchase of Settlement Common Stock from dissenting shareholders.
The cash payment made pursuant to sub- section (a) of this section or the principal amount of a note issued pursuant to subsection (d) of this section to a dissenting shareholder shall be reduced by the amount of dividends paid to such shareholder with respect to his or her Settlement Common Stock after the date of the vote described in subsection (a)(1) of this sec- tion.
Alienability restrictions imposed on Settlement Common Stock issued by a Native Corporation electing application of this sub- section shall terminate on December 18, 1991, unless extended in accordance with the provi- sions of this subsection.