The Aleut Corporation, or TAC, 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. The Aleut Corporation was incorporated in Alaska on June 21, 1972. Headquartered in Anchorage, Alaska, The Aleut Corporation is a for-profit corporation with approximately 3,410 Alaska Native shareholders primarily of Aleut descent originating in the Alaska Peninsula, Aleutian Islands, Pribilof Islands, and Shumagin Islands of Alaska.
Under ANCSA, The Aleut Corporation received a settlement of $19.5 million. Its land entitlement included 66,000 acres (270 km²) of surface lands and 1.572 million acres (6,362 km²) of subsurface estate.
Read more about The Aleut Corporation: Officers and Directors, Shareholders, Lands, Business Enterprises
Famous quotes containing the word corporation:
“It is truly enough said that a corporation has no conscience; but a corporation of conscientious men is a corporation with a conscience.”
—Henry David Thoreau (1817–1862)