Ukpeaġvik Iñupiat Corporation

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Ukpeaġvik Iñupiat Corporation, or UIC, is is one of about 200 Alaska Native village corporations created under the Alaska Native Claims Settlement Act of 1971 (ANCSA) in settlement of aboriginal land claims. Ukpeaġvik Iñupiat Corporation was incorporated in Alaska on April 19, 1973.^[1]^[2] Located in Barrow, Alaska, Ukpeaġvik Iñupiat Corporation is a for-profit corporation whose Alaska Native shareholders are primarily of Inupiat Eskimo descent.

The name of the corporation derives from the Inupiaq name for Barrow, Ukpeaġvik, which means "place to hunt snowy owls."^[3]

1 Officers and Directors
2 Shareholders
3 Lands
4 Business enterprises
5 References
6 External links

[edit] Officers and Directors

A current listing of Ukpeaġvik Iñupiat Corporation's officers and directors, as well as documents filed with the State of Alaska since UIC's incorporation, are available online through the Corporations Database of the Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development.^[1]

[edit] Shareholders

At incorporation, Ukpeaġvik Iñupiat Corporation enrolled Alaska Native shareholders, each of whom received 100 shares of UIC stock. As an ANCSA corporation, Ukpeaġvik Iñupiat Corporation has no publicly traded stock and its shares cannot legally be sold.

[edit] Lands

Ukpeaġvik Iñupiat Corporation owns 212,000 acres of land in Alaska's North Slope Borough.^[4] As provided under ANCSA, subsurface estate in UIC lands is owned by the Alaska Native regional corporation for the region, Arctic Slope Regional Corporation.

[edit] Business enterprises

As of 2006, Ukpeaġvik Iñupiat Corporation was ranked 9th by Alaska Business Monthly among Alaska-owned and based companies.^[2]

Under federal law, UIC and its majority-owned subsidiaries, joint ventures and partnerships are deemed to be "minority and economically disadvantaged business enterprise[s]" (43 USC 1626(e)).

[edit] References

^ ^a ^b Corporations Database. Ukpeagvik Inupiat Corporation. Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development. Retrieved on 2007-03-27.
^ ^a ^b Ukpeaġvik Iñupiat Corporation. (2006). "Company History.". Retrieved on 2007-03-28.
^ Arctic Slope Regional Corporation. (n.d.). "Communities (ASRC Communities Flash Animation)." Retrieved on 2007-03-38.
^ Ukpeaġvik Iñupiat Corporation. (2006). "Alaska Native Claims Settlement Act (ANCSA).". Retrieved on 2007-03-28.