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Shareholder Information

(click on each link below for more information)
  • TDR or Stock Will
  • Transfer of Shares process
  • Gifting of Shares
  • Shareholder Information Update
  • Annual Shareholders Meeting
  • Burial Assistance
  • Dividends
  • Scholarships

    • TDR or Stock Will

    The TDR is a Testamentary Disposition Revocation, or a Stock Will. It is the legal document that allows a shareholder to choose who the heirs to their Dinyee shares will be. If a shareholder passes away without a valid Stock Will, their shares will be distributed according to Intestate Succession laws of the State of Alaska. To be valid it must be signed in front of a Notary Public (or by a Postmaster). Dinyee has two Notaries on staff. A Stock Will can also be filled out on the reverse side of the original stock certificate or be included in one’s General Will. The TDR can be updated at any time by filling out and notarizing a new form. Dinyee can store your original TDR, Stock Will, or Stock Certificate for safekeeping.

    Intestate Succession

  • If the shareholder has a surviving spouse, but no children, then the spouse will receive 100% of the shares.
  • If the shareholder has a surviving spouse and children, then the shares will be divided 50% to the spouse and 50% divided equally among the children.
  • If the shareholder was not married but had children, then the shares will be divided equally among the children.
  • If the shareholder did not have a spouse or children, then the parents inherit all the stock. If there is only one parent surviving, then he or she inherits all the stock.
  • If there is no spouse, children, grandchildren, or parents, the brothers and sisters receive the stock.
  • If there is no spouse, children, grandchildren, parents, or siblings, the nieces and nephews or their descendant’s, receive the stock.

    TDR form

    (Coming soon!)

    Transfer of Shares process

    Following are the steps and forms required to transfer the shares of a deceased shareholder:
  • The Inheritance Questionnaire & Affidavit (IQ&A) has to be filled out according to State Law and must be notarized or signed by a Postmaster. The IQ&A is usually filled out by a close relative of the deceased shareholder.
  • Conduct a Will Search with the decedent’s family and relevant agencies.
  • Conduct a Certificate Search in the Shareholder Records and with the decedent’s family.
  • Once the IQ&A, Will Search, and Certificate Search is completed and all the forms returned, then this information is forwarded to Dinyee’s Probate Lawyer for review. A legal recommendation is made regarding the transfer of shares for the decedent.
  • 30-Day letters are mailed out to the decedent’s family members which names the heirs.
  • Upon 30 days the transfer may be completed by printing Stock Certificates and mailing them out to the heirs by Certified Mail.

    The transfer process takes time and the steps are taken to ensure that it is done correctly so that the rightful heirs are included in the transfer process. Dinyee is responsible for the accuracy and completion of stock transfers and follow ANCSA and State Law. Please contact Dinyee Shareholder Relations for more information.

    Gifting Shares

    Dinyee shareholders may gift shares to their children, grandchildren, great-grandchildren, niece, nephew, and brother or sister. The recipient of the gifted shares must be related by blood or adoption, be a direct descendent, and be an Alaska Native or of Alaska Native descent. It is a permanent transaction and once shares are gifted they cannot be returned to the shareholder who gifted them. The gifting form is available at Dinyee and must be notarized to be valid.

    Shareholder Information Update

    Dinyee has made it a priority to keep our shareholders informed and need your help in keeping the Shareholder Address list up-to-date. Please contact Dinyee with address and name change updates and encourage family members to notify us also of any changes. You may submit updates on the Shareholder Info Update form or contact us by e-mail or phone.

    Annual Shareholders Meeting

    The Annual Shareholders meeting is held on the first Saturday in June to conduct business and for the election of the Board of Directors. Three board seats expire each year which are filled at the Annual Meeting. Shareholders participation is necessary and encouraged in the nomination and election process that begins in April of each year with the initial mailing of the meeting notice and call for nominations. After nominations have been submitted to Dinyee by the deadline date, then proxies are mailed out in May in time for shareholders to vote and return their proxies before the Annual Meeting. Shareholders may also vote in person at the Annual Meeting in June.

    Burial Assistance

    Dinyee Corporation offers burial assistance for deceased Dinyee shareholders in the amount of $350.

    Dividends

    While it is important to issue dividends to shareholders, the Board of Directors feels at this time it would be wise to re-invest earnings with a plan to begin distributing dividends in the future.

    Scholarships

    Although Dinyee Corporation does not offer education scholarships, the Stevens Village Tribal Office does offer higher education scholarships and vocational training grants. You may contact the Village Tribal Office at (907) 478-7228 for more information and for forms. Dinyee also has the scholarship and vocational grant forms available at our office.