AK SB228

Creates a new intestate succession statute (AS 13.12.115) establishing a specific order for distributing Alaska Native Claims Settlement Act corporation stock upon a shareholder's death, prioritizing children, then parents, grandparents, siblings, and their descendants.

Modifies existing intestacy laws in AS 13.12.102 and AS 13.12.103 to reference the new Native corporation stock succession rules and exempt this stock from standard estate distribution procedures.

Establishes that Native corporation stock passes outside of probate and its value is not considered when determining estate value or allowances under Alaska law.

Provides that if stock does not pass by testamentary disposition, will, or the new succession rules, determination of ownership is made by the issuing corporation based on affidavits, with disputes resolved in superior court.

Applies the new succession rules to stock owned by individuals who die on or after the effective date of the Act.