Page:United States Statutes at Large Volume 101 Part 3.djvu/515

 PUBLIC LAW 100-241—FEB. 3, 1988

101 STAT. 1813

"(B) the total voting power of the subsidiary corporation, joint venture, or partnership for the purpose of electing directors, the general partner, or principal officers. "(3) No provision of this subsection shall— "(A) preclude a Federal agency or instrumentality from applying standards for determining minority ownership (or control) less restrictive than those described in paragraphs (1) and (2), or "(B) supersede any such less restrictive standards in existence on the date of enactment of the Alaska Native Claims Settlement Act Amendments of 1987. "(f)(1) Section 3 of Public Law 97-451 (96 Stat. 2448) is amended by 30 USC 1702. inserting 'or which is administered by the United States pursuant to section 14(g) of Public Law 92-203, as amended' after 'alienation' in subsection (3) and subsection (4). "(2) The amendment made by paragraph (1) shall be effective as if 30 USC 1702 originally included in section 3 of Public Law 97-451. note. "(g) For the purposes of implementation of the Civil Rights Act of 1964, a Native Corporation and corporations, partnerships, joint ventures, trusts, or affiliates in which the Native Corporation owns not less than 25 per centum of the equity shall be within the class defined in section 701(b) of Public Law 88-352 (78 Stat. 253), as amended, or successor statutes.". JUDICIAL REVIEW SEC.

16. (a) STATUTE OF LIMITATIONS.—(1) Notwithstanding any

43 USC 1601

other provision of law, a civil action that challenges the constitu- ^^ote. tionality of an amendment made by, or other provision of this Act (the Alaska Native Claims Settlement Act Amendments of 1987) shall be barred unless filed within the periods specified in this subsection. (2) If a civil action described in paragraph (1) challenges— (A) the issuance or distribution of Settlement Common Stock for less than fair market value consideration pursuant to section 7(g)(1)(B) or 7(g)(2)(C)(ii) of the Alaska Native Claims Settlement Act; or (B) an extension of alienability restrictions that involves the issuance of stock pursuant to subsections (c) or (d) of section 37 of such Act; or (C) the denial of dissenters rights after the rejection of an amendment to terminate alienability restrictions pursuant to section 37(b) of such Act; such civil action shall be barred unless it is filed within one year after the date of the shareholder vote authorizing such issuance or distribution, extension of restrictions, or denial of right, and unless a request for a declaratory judgment or injunctive relief is made before stock is issued or distributed. (3) Any other civil action described in paragraph (1) shall be barred unless it is filed within two years of the date of the enactment of this Act. (4) No Native Corporation taking an action described in paragraph (2)(A), (2)(B), or (2)(C) shall issue or distribute stock sooner than fourteen days after the date of the shareholder vote authorizing such action. (b) JURISDICTION AND PROCEDURE.—(1) The United States District Court for the District of Alaska shall have exclusive original

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