Stock Classes

Doyon's Articles of Incorporation, in accordance with the requirements of the Alaska Native Claims Settlement Act of 1971 (Act), as amended, provide for the issuance of shares of settlement stock as follows:

Class A Shares - 100 shares to each Alaska Native born on or before December 18, 1971 enrolled in the Doyon region who is also enrolled in one of the village corporations in the region.

Class B Shares - 100 shares to each Alaska Native born on or before December 19, 1971 enrolled in the Doyon region that is not enrolled in one of the village corporations in the region. Holders of Class B stock are referred to as "at large" shareholders.

Class C Shares - 100 shares to each Alaska Native born after December 18, 1971 who are one quarter or more Alaska Native with a parent who is an original Doyon shareholder. Thirty shares are given at birth and an additional 70 shares once the person reaches 18 years of age. Class C stock is life estate and may not be inherited or gifted.

Class D Shares - 100 shares to each Alaska Native born on or before December 18, 1971 who was eligible to enroll in the Doyon region under the Act but who did not enroll in or receive shares in any regional corporation unless through gift, inheritance or purchase. Class D stock is inheritable and may be gifted.

Class E Shares - 100 shares to each Alaska Native who holds or received Class A or B shares through original enrollment to Doyon and who attained the age of 65. Class E stock is life estate and may not be inherited or gifted.