HB 126 Alaska House · 34th Legislature (2025-2026)

An Act relating to the reinstatement of Native village corporations; relating to proxy solicitations to shareholders of corporations organized under state law under the Alaska Native Claims Settlement Act; and providing for an effective date.

HB 126 allows Native village corporations that were involuntarily dissolved under Alaska law to apply for reinstatement by December 31, 2026, if they missed the original reinstatement deadline. Once reinstated, these corporations and their shareholders regain all legal rights, obligations, and privileges as if dissolution never occurred, with actions taken during dissolution treated as valid. The bill also permits a corporation's board of directors to change its name (if the previous name is unavailable) without following standard corporate amendment procedures. This applies only to Native village corporations, not religious or nonprofit entities as referenced in the title but not detailed in the bill text.

Bill status signed all 5 stages cleared

Introduction

Mar 2025

Committee Review

May 2026

House Passage

May 2025

Senate Passage

May 2026

Signed into Law

Jul 2026

Introduced Mar 5, 2025 Signed Jul 3, 2026

Maddy AI version diff · 3 comparisons

What changed between versions

CSHB 126(TRB) → CSHB 126(TRB) am · 4 edits

MODERATE

The bill was amended to expand its scope from only Native village corporations to also include nonprofit corporations organized for religious purposes. Additionally, the effective session was changed from the First to the Second Session, and the list of sponsors was updated to include additional representatives and senators.

Scope change

The bill's scope was broadened to cover religious nonprofit corporations in addition to Native village corporations, allowing both types to be reinstated under similar conditions if dissolution was unjustified or errors were corrected.

SCOPE

Added provisions to allow the reinstatement of nonprofit corporations organized for a religious purpose, previously limited to Native village corporations.

TIMELINE

Changed the legislative session designation from the First Session to the Second Session.

REQUIREMENT

Updated the list of bill sponsors to include additional representatives and senators.

Added new statutory subsections detailing reinstatement procedures and penalties for religious nonprofits and general nonprofit corporations.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jul 3, 2026

Signed into law

(H) Signed into law 6/24 CHAPTER 37 SLA 26

lower

May 19, 2026

Upper · Passed

(S) TRANSMITTED TO (H) AS AMENDED

upper

May 19, 2026

Upper · Passed

(S) PASSED Y20 N-

upper

May 18, 2026

Upper · Passed

(S) L&C SCS ADOPTED UC

upper

May 11, 2026

Upper · Passed

(S) Moved SCS CSHB 126(L&C) Out of Committee

upper

Mar 3, 2026

Upper · Passed

(S) Moved SCS CSHB 126(CRA) Out of Committee

upper

May 18, 2025

Lower · Passed

(H) TRANSMITTED TO (S)

lower

May 18, 2025

Lower · Passed

(H) PASSED Y40

lower

May 18, 2025

Amended

(H) AM NO 2 FAILED Y17 N23

lower

May 18, 2025

Lower · Passed

(H) AM NO 1 ADOPTED Y23 N17

lower

May 18, 2025

Lower · Passed

(H) TRB CS ADOPTED UC

lower

May 13, 2025

Lower · Passed

(H) Moved CSHB 126(TRB) Out of Committee

lower

May 1, 2025

Lower · Passed

(H) Moved CSHB 126(TRB) Out of Committee

lower

1 primary · 12 co-sponsors