A STOCK WILL enables shareholders to legally pass their shares onto whomever they wish by completing the will on the back of the stock certificate or a Doyon Testamentary Revocation of Disposition another form of a stock will.
A GENERAL WILL completed with another agency or attorney may be taken into consideration of how the shares are divided by heirs if Doyon shares are specifically mentioned or there is a residual clause. INTESTACY, if you do not have a stock will or a general will, your shares will be distributed by the Alaska Statute of Intestacy; meaning your closest relative(s) will receive your shares. UPDATING your stock certificate or stock will form is extremely important. Changes can include marriage, birth, death or divorce. We recommend reviewing and/or updating your stock will every three to five years. VALIDITY of a stock will is as important as completing a stock will. If a stock will is received by shareholder services and proves to be invalid, a copy of the invalid stock will; with reasons listed as to why it is invalid, and a blank form will be returned to you to complete. If you do not return a corrected stock will form, your shares may not be transferred to the person(s) you wish.
Gifting - Gifting is an option for shareholders who own class A, B, or D shares. There are certain family members a shareholder may gift to. If you want to gift your shares you will need to call shareholder services and go through an application process where a technician will take you through the steps of eligibility.