ALASKA NATIVE CLAIM SETTLEMENT ACT.

SEC. 301. ALASKA NATIVE CLAIM SETTLEMENT ACT. Subsection (d) of section 37 of the Alaska Native Claims Settlement Act is amended by— (1) inserting the words “and such resolution is not validly rescinded pursuant to paragraph (2)(B)(ii)” before the period at the end of paragraph (1)(A); (2) by redesignating paragraph (2)(B) as paragraph (2)(B)(i); and (3) by adding the following new clauses to paragraph (2)(B): “(ii) In lieu of approving the amendment to the articles of incorporation described in clause (i) and submitting such amendment to a vote of the shareholders, at any time prior to January 1, 1991, the board of directors of a Native Corporation that has approved a resolution described in paragraph (1)(A) may approve a new resolution rescinding that prior resolution. Upon approval of the new resolution 104 STAT. 472rescinding a resolution described in paragraph (1)(A), the latter resolution shall be void and alienability restrictions on the Settlement Common Stock of such corporation shall continue subsequent to December 18, 1991, until such time as the alienability restrictions are terminated pursuant to the procedure described in subsection (b). “(iii) Notwithstanding any other provision of law, a civil action that challenges the constitutionality of any provision in clause (ii) shall be barred unless it is filed within one year after the date of the vote of the board of directors approving a resolution to rescind a prior opt-in election under paragraph (1)(A). Any such civil action shall be filed in accordance with section 16(b) of the Alaska Native Claims Settlement Act Amendments of 1987 (101 Stat. 1813–1814).”.