Title 24
Business Corporation Code

24-1 GENERAL

24-1-1    Citation.

24-1-2    Definitions.

24-2 APPLICATION

24-2-1    Reservation of Right.

24-2-2    Corporations Wholly Owned by the Nation.

24-2-3    Sovereign Immunity of the Nation Not Waived.

24-2-4    Organized Under Constitution and Laws of Nation.

24-3 INCORPORATION; ARTICLES

24-3-1    Purposes.

24-3-2    Incorporators.

24-3-3

24-3-4    Corporate Name.

24-3-5    Reserved Name.

24-3-6    Registered Office; Registered Agent.

24-3-7    Change of Registered Office or Registered Agent; Change of Name of Registered Agent.

24-3-8    Amendment of Articles.

24-3-9    Procedure for Amendment Before Issuance of Shares.

24-3-10    Procedure for Amendment After Issuance of Shares.

24-3-11    Class or Series Voting on Amendments.

24-3-12    Articles of Amendment.

24-3-13    Effect of Amendment.

24-3-14    Filing Articles.

24-3-15    Effective date of articles.

24-3-16    Presumption; certificate of incorporation.

24-4 POWERS

24-4-1    Powers.

24-4-2    Corporate seal.

24-4-3    Effect of Lack of Power; Ultra Vires.

24-5 ORGANIZATION; BYLAWS

24-5-1    Organization.

24-5-2    Bylaws.

24-6 BOARD

24-6-1    Board.

24-6-2    Number.

24-6-3    Qualifications; Election.

24-6-4    Terms.

24-6-5    Acts Not Void or Voidable.

24-6-6    Compensation.

24-6-7    Classification of Directors.

24-6-8    Cumulative Voting for Directors.

24-6-9    Resignation.

24-6-10    Removal of Directors.

24-6-11    Vacancies.

24-6-12    Board Meetings.

24-6-13    Absent directors.

24-6-14    Quorum.

24-6-15    Act of the Board.

24-6-16    Action Without Meeting.

24-6-17    Committees.

24-6-18    Standard of Conduct.

24-6-19    Director conflicts of interest.

24-7 OFFICERS

24-7-1    Officers Required.

24-7-2    Duties of Required Officers.

24-7-3    Other Officers.

24-7-4    Multiple Offices.

24-7-5    Officers Deemed Elected.

24-7-6    Contract Rights.

24-7-7    Resignation; Removal; Vacancies.

24-7-8    Delegation.

24-7-9    Standard of conduct.

24-8 SHARES; SHAREHOLDERS

24-8-1    Authorized shares.

24-8-2    Share Dividends, Divisions, and Combinations.

24-8-3    Subscriptions for Shares.

24-8-4    Consideration for shares; value and payment; liability.

24-8-5    Preemptive rights.

24-8-6    Share certificates; issuance and contents; Uncertificated Shares.

24-8-7    Lost share Certificates; Replacement.

24-8-8    Fractional Shares.

24-8-9    Liability of Subscribers and Shareholders with Respect to Shares.

24-8.10    Restriction on Transfer or Registration of Securities. 41

24-8-11    Regular Meetings of Shareholders.

24-8-12    Special Meetings of Shareholders.

24-8-13    Notice.

24-8-14    Electronic Communications.

24-8-15    Act of the Shareholders.

24-8-16    Action Without a Meeting.

24-8-17    Quorum.

24-8-18    Voting Rights.

24-8-19    Voting of shares by organizations and legal representatives.

24-8-20    Proxies.

24-8-21    Voting Trusts.

24-8-22    Shareholder Voting Agreements.

24-8-23    Shareholder Control Agreements.

24-8-24    Books and Records; Inspection.

24-8-25    Financial statements.

24-8-26    Equitable remedies.

24-8-27    Rights of dissenting shareholders.

24-8-28    Procedures for Asserting Dissenter’s Rights.

24-9 LOANS; OBLIGATIONS; DISTRIBUTIONS

24-9-1    Loans; Guarantees; Suretyship.

24-9-2    Advances.

24-9-3    Indemnification.

24-9-4    Distributions.

24-9-5    Powers to Acquire Shares.

24-9-6    Liability of Shareholders for Illegal Distributions.

24-9-7    Liability of Directors for Illegal Distributions.

24-10 MERGER, EXCHANGE, TRANSFER

24-10-1    Merger, Exchange, Transfer.

24-10-2    Plan of Merger or Exchange.

24-10-3    Plan Approval.

24-10-4    Articles of Merger or Exchange; Certificate.

24-10-5    Merger of Subsidiary.

24-10-6    Abandonment.

24-10-7    Effective Date of Merger or Exchange; Effect.

24-10-8    Merger or exchange with foreign corporation.

24-10-9    Transfer of Assets; When Permitted.

24-11 DISSOLUTION

24-11-1    Methods of dissolution.

24-11-2    Voluntary dissolution by incorporators.

24-11-3    Voluntary dissolution by shareholders.

24-11-4    Filing notice of intent to dissolve; effect.

24-11-5    Dissolution procedure for corporations that give notice to creditors and claimants.

24-11-6    Dissolution Procedure for Corporations that Do Not Give Notice.

24-11-7    Revocation of dissolution proceedings.

24-11-8    Effective date of dissolution; certificate.

24-11-9    Supervised Voluntary Dissolution.

24-11-10    Judicial Intervention; Equitable Remedies or Dissolution.

24-11-11    Procedure in Involuntary or Supervised Voluntary Dissolution.

24-11-12    Qualifications of Receivers; Powers.

24-11-13    Action by Tribal Secretary.

24-11-14    Filing claims in proceedings to dissolve.

24-11-15    Discontinuance of dissolution proceedings.

24-11-16    Decree of Dissolution.

24-11-17    Filing Decree.

24-11-18    Deposit with Tribal Finance Department of Amount Due Certain Shareholders.

24-11-19    Claims Barred; Exceptions.

24-11-20    Right to Sue or Defend After Dissolution.

24-11-21    Omitted Assets.

24-12 EXTENSION

24-12-1    Extension after duration expired.

24-12-2    Effect of extension.

24-13 CORPORATE REGISTRATION

24-13-1    Information required.

24-14 ACTIONS AGAINST CORPORATIONS

24-14-1    Service of process on corporation.

24-14-2    Tribal Court Action; remedies and penalties.

24-15 CORPORATIONS WHOLLY OWNED BY THE NATION

24-15-1    Scope.

24-15-2    Application.

24-15-3    Special Powers, Privileges and Immunities of Corporations Wholly Owned by the Nation.

24-15-4    Board.

24-15-5    Shares in Corporations Wholly Owned by the Nation; Shareholders; Voting.

24-15-6    Liability of Nation as Shareholder.

24-15-7    Shareholder Meetings.

24-15-8    Assets; Distribution of Income.

24-15-9    Voluntary dissolution; Tribal Council.

24-16 EFFECTIVE DATE AND AUTHORITY

24-16-1    Severability; Effect of Invalidity of Part of this Code.

24-16-2    Effective Date.

24-16-3    Authority.

24-16-4    No Impairment of Contracts.

24-16-5    Fees for Filing Documents and Issuing Certificates.

24-16-6    Certificates and Certified Copies to be Received in Evidence

24-16-7    Forms to be Furnished by the Tribal Secretary.

24-16-8    Franchise Taxes Payable by Tribal Corporation.

24-16-9    Repealer.