Alaska Native Claims Settlement Act Amendments of 1979

[AI summary unavailable — showing source text] Alaska Native Claims Settlement Act Amendments of 1979 - Title I: Amendments to the Alaska Native Claims Settlement Act - Amends the Alaska Native Claims Settlement Act to cancel on December 18, 1991, all stock previously issued and to issue shares of appropriate class stock to each stockholder. Makes further provisions for permissible restrictions on stockholders; amendments to the articles of incorporation; and stock alienation, annual audits, and transfer of stock ownership. Allows the Secretary of the Interior, upon the request of a Village Corporation, to waive the requirement of such Act which requires that a Corporation select land in whole sections (and that natural features are to be used as boundaries) where such waiver is justified and appears to be beneficial. Provides for reconveyances of less than 1,280 acres by a Village Corporation to a Municipal Corporation or the State in trust. Makes provisions for the conveyance of real property by a Village Corporation to shareholders of such Corporation to provide homesites. Stipulates that the basis of any land or mineral or timber interest received pursuant to this Act shall not be less than the fair value of such interest a…