Arctic Slope Regional Corporation


Arctic Slope Regional Corporation

Arctic Slope Regional Corporation, or ASRC, is one of thirteen Alaska Native Regional Corporations created under the Alaska Native Claims Settlement Act of 1971 (ANCSA) in settlement of aboriginal land claims. Arctic Slope Regional Corporation was incorporated in Alaska on June 22,1972.Corporations Database. [https://myalaska.state.ak.us/business/soskb/Corp.asp?240260 Arctic Slope Regional Corporation] . Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development. Retrieved on 2007-03-27.] Headquartered in Barrow, Alaska, with administrative offices in Anchorage,Arctic Slope Regional Corporation. (n.d.). [http://www.asrc.com/home/home.asp "Company Profile."] Retrieved on 2007-03-27.] Arctic Slope Regional Corporation is a for-profit corporation with nearly 9,000 Alaska Native shareholders primarily of Inupiat Eskimo descent.Arctic Slope Regional Corporation. (n.d.). [http://www.asrc.com/stock/stock.asp "Stock."] Retrieved on 2007-03-27.]

Officers and Directors

A current listing of Arctic Slope Regional Corporation's officers and directors, as well as documents filed with the State of Alaska since ASRC's incorporation, are available online through the Corporations Database of the Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development.

hareholders

At incorporation, Arctic Slope Regional Corporation enrolled 3,800 Alaska Native shareholders, each of whom received 100 shares of ASRC stock. Amendments to ANCSA in 1988 permitted ANCSA regional corporations to enroll as stockholders Alaska Natives born after 1971, and in 1989 ASRC stockholders chose to do so. ASRC presently has about 9,000 stockholders. As an ANCSA corporation, ASRC has no publicly traded stock and its shares cannot legally be sold.

Lands

ASRC holds title to approximately convert|5000000|acre|km2 of Alaska's North Slope. Most of these lands are highly prospective for oil and gas, coal and base metal sulfides. Some of the lands contain known resource reserves such as the Alpine Oil Field and the Western Arctic Coalfields.

Business enterprises

Under federal law, Arctic Slope Regional Corporation and its majority-owned subsidiaries, joint ventures and partnerships are deemed to be "minority and economically disadvantaged business enterprise [s] " (43 USC 1626(e)).

* ASRC Aerospace Corporation
* ASRC Energy Services
* Arctic Slope Compliance Technologies
* ASRC Constructors, Inc.
* ASRC Service Center
* ASRC Construction Holding Company, LLC.
* Petro Star Inc.
* ASRC Federal
* Arctic Education Foundation
* Top of the World
* Alaska Growth Capital
* Eskimos Inc.

References

External links

* [http://www.asrc.com/ Arctic Slope Regional Corporation] (official website).


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