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DEAR  SHAREHOLDERS

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TRANSFERRING SHARES of

SHAREHOLDERS WHO HAVE PASSED

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When a family member (mother, father, sister, brother, grandparent, etc.) who was a shareholder passes, the Corporation must be contacted by phone, email, or letter with...

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  • their date of death

  • your relationship

  • an obituary copy (or website link) if possible

  • a copy of their will or testamentary if made

 

The passing of a shareholder parent, etc., does not automatically transfer shares or establish a new shareholder registration. Shares must be transferred in accordance with ANCSA and state law, validated, and recorded by the Corporation's Board of Directors.​

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TRANSFERRING YOUR SHARES

 

A will or Testamentary is necessary for your shares to be transferred and registered to specific family members. A Testamentary is a corporate stock will that validates your transfer of shares to a spouse or family member. It is not a FULL WILL.

 

Without a will or testamentary, upon your passing, your shares, by ANCSA and state law, are distributed among your legal and/or blood survivors.

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Download this link for a
TNCorp's TESTAMENTARY FORM
Complete all information (Names, relation, birthdates, addresses, etc.)

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Alaska Legal Services provides professional assistance in writing your will and other matters.

Free legal advice is available 24/7 virtually through https://alaska.freelegalanswers.org/ â€‹â€‹

MISSING SHAREHOLDERS​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

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Please send MAILING ADDRESS,

PHONE NUMBER, and/or EMAIL ADDRESS

for the following shareholders...

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o

        Lname             Other LName            Fname

 

  • Adams                                                      Wilfred

  • Born                                                           Jaclyn

  • Easton                                                      Tracy

  • Defrance             Wolf                          Dwayne (Duane)

  • Demit, Jr.                                                 Carl

  • Demit                                                         Michael

  • Gene                                                           Robert Clifford

  • Gunter                                                       Shane

  • Halter                                                         Brandon

  • Isaac                      Demit                       Galen

  • John                       Titus                         Aaron Karl

  • Luke                                                            Casey B.

  • Luke                                                            Cyan

  • Paul                                                             Craig

  • Sam                                                             Angela

  • Silas                                                            Derek

  • Silas                                                            Desirae

  • Silas                                                            Tiffany

  • Waters                                                       Cassandra

 

Please send information to...​

Email:   dflenaugh@tetlincorp.com or write

Mail:  David Flenaugh, General Manager
          1290 Sinclair Avenue
           North Pole, AK   99705

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Do you know the DATES OF DEATH

of the following shareholders...

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  • Adams, Alfred Charlie
  • David, Laura
  • Demit (David) Isabelle
  • Gene, Marvin Leonard
  • Gene, Richard Carroll
  • Joe, Patrick David, Sr.
  • John, (Titus) Curtis

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THANK YOU for all of you who have helped

in updating your Shareholder records.

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IMPORTANT NOTICE

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The Corporation must have your MAILING ADDRESS, your DATE OF BIRTH, and your complete Shareholder Information Portfolio to qualify for VOTING SHARES. Should this information not be on file, your shares will be classified as NON-VOTING. This policy enables the Corporation to conduct mailed notifications to ALL shareholders, validate their age for voting as per the bylaws, and account for the exact number of shares required to meet quorum and voting requirements.

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The Date of Birth for the following

shareholders is needed...

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          Lname                     Fname

 

  • David                       Nicole

  • DeFrance              Renee

  • Easton                    Tracy

  • Sam                          Angela

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SHAREHOLDER  INFORMATION UPDATES

 

Please contact the Corporation with any change in your...

 

  • Name

  • Marital Status with Spouse information

  • Children (Legal Adoptions included)

  • Mailing Address

  • Phone Number

  • Email Address

 

Send new information to...

 

Phone: (907) 712-7927

Email:  dflenaugh@tetlincorp.com
Mail:    1290 Sinclair Avenue
            North Pole, AK   99705

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SHAREHOLDERS WANT TO KNOW...

What happens to a shareholder’s

stock (shares) when he/she dies?

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TNCorp Bylaws
ARTICLE II. CAPITAL SHARES

 

"Sec. 2­ II: Upon the death of the shareholder, ownership of shares shall be transferred in accordance with the last will and testament (which may be the testamentary disposition on the reverse of this certificate, under Alaska Law) or under the applicable laws of intestacy; provided, however, that in the event the deceased shareholder fails to dispose of their shares by will and has no heirs under the applicable laws of intestacy, shares will escheat to the corporation and thereafter be held as treasury shares."

 

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Under Alaska law, deceased shareholders' interests in ANCSA stock do not go through probate. Instead, inheritance of shares are handled by the Alaska Native Corporation that issued the shares. If there is no existing stock will or formal will, Alaska State law will determine the disposition of the deceased shareholder’s stock through intestate succession. The laws of intestate succession dictate that:

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  • If the deceased shareholder was married but had no surviving issue (children, grandchildren, great-grandchildren), the surviving spouse receives 100% of the shares.

  • If the deceased shareholder is married and has surviving issue, the surviving spouse shall receive 50% of the shares, and the remaining 50% will be divided equally between the surviving issue.

  • When there is no surviving spouse, the shares of stock are divided equally between the surviving issue, and if there is no surviving spouse OR issue, then the stock is equally divided between the surviving parents of the deceased shareholder.

  • If there is no surviving spouse, issue or parents, stock is divided equally between surviving siblings. If there are no surviving siblings, then the stock is equally divided between surviving aunts/uncles or nieces/nephews.

SHAREHOLDER  REPORTS

 

TNCorp Board sponsored Shareholder Gathering.

FAST EDDY's Pizzas were perfect. May 20th, 2017

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