Bering Straits Native Corporation, or BSNC, 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. Bering Straits Native Corporation was incorporated in Alaska on June 23, 1972.[1] Headquartered in Nome, Alaska, Bering Straits Native Corporation is a for-profit corporation with about 6,700 Alaska Native shareholders primarily of Inupiat, Siberian Yupik, and Yup'ik descent.
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A current listing of Bering Straits Native Corporation's officers and directors, as well as documents filed with the State of Alaska since BSNC'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]
At incorporation, Bering Straits Native Corporation enrolled about 6,333 Alaska Native shareholders, each of whom received 100 shares of BSNC stock. As an ANCSA corporation, BSNC has no publicly traded stock and its shares cannot legally be sold.
The BSNC region encompasses most of the Seward Peninsula and eastern Norton Sound in Alaska. BSNC's land entitlement under ANCSA includes over 2.1 million acres (8,900 km²) of surface and/or subsurface estate in this region.
Under federal law, Bering Straits Native Corporation and its majority-owned subsidiaries, joint ventures and partnerships are deemed to be "minority and economically disadvantaged business enterprise[s]" (43 USC 1626(e)).