EXTENSION OF ALIENABILITY RESTRICTIONS ON SETTLEMENT COMMON STOCK.

SEC. 301. EXTENSION OF ALIENABILITY RESTRICTIONS ON SETTLEMENT COMMON STOCK. Section 37(a) of Public Law 92–208, the Alaska Native Claims Settlement Act (43 U.S.C. 1629c(a)) is amended by striking “December 18, 1991.” and inserting in lieu thereof “July 16, 1993: Provided, however, That this prohibition shall not apply to a Native Corporation whose board of directors approves, no later than March 1, 1992, a resolution (certified by the corporate secretary of such corporation) electing to decline the application of such prohibition.”.