How much are shares of stock in OC worth?
Unlike other American corporations, shares of stock issued pursuant to the Alaska Native Claims Settlement Act of 1971 (ANCSA) cannot be bought or sold on the stock market. They cannot be pledged as collateral to obtain a loan, or subjected to a lien or judgment execution, assigned in present or future, or treated as an asset under title 11, insolvency or moratorium laws, or other laws that generally affect creditors rights. There is no cash surrender value for OC shares. OC has not received patent to all of the land assets to which it is entitled through ANCSA. The US Bureau of Land Management has not officially surveyed the land that has been conveyed to OC, and all of OC’s land has not been appraised. ANCSA lands retain tax-free status as long as the land remains undeveloped, so OC’s Board of Directors and Management carefully plan its development. As land is developed and OC begins earning revenues, the land value is booked as an asset to the corporation. This does not mean that un
