; or (ii) issuing the maximum number of full shares possible to each devisee or beneficiary in the manner specified in a will or under the applicable intestacy laws, and, if any shares remain unissued, then issuing any such remaining shares as full shares only, in accordance with a process specified in the resolution that may reflect, in the discretion of the board of directors, local customs, traditions, and laws. (C) No legal cause of action No action taken by a Regional Corporation under subparagraph (A) or (B) shall provide a legal cause of action to any shareholder of the Regional Corporation against either the Regional Corporation or its board of directors. (D) Preemption of State law The provisions of this paragraph shall preempt State law with respect to fractional shares of Regional Corporations. . (b) Conforming amendment Section 8(c) of the Alaska Native Claims Settlement Act ( 43 U.S.C. 1607(c) ) is amended by striking paragraph (4) and inserting paragraph (5) .