Title 25
Limited Liability Company Code

25-1 GENERAL PROVISIONS

25-1-1    Short Title.

25-1-2    Purposes; Sovereign Immunity.

25-1-3    Scope.

25-1-4    Applicable Law.

25-1-5    Definitions.

25-1-6    Name.

25-1-7    Registered Office and Registered Agent.

25-1-8    Nation as Owner.

25-1-9    Nature of Business.

25-1-10    Execution of Documents.

25-1-11    Filing.

25-1-12    Certificate of Status.

25-1-13    Execution by Judicial Act.

25-1-14    Interstate Application.

25-2 OPERATING AGREEMENT AND DEALING WITH LLC

25-2-1    Articles of Organization.

25-2-2    Agency Power of Owners and Managers.

25-2-3    Admissions of Owners and Managers.

25-2-4    Knowledge of or Notice to Owner or Manager.

25-2-5    Liability of Owners to Third Parties.

25-2-6    Parties to Action.

25-2-7    Authority to Sue.

25-3 OWNERS AND MANAGERS

25-3-1    Management.

25-3-2    Duties.

25-3-3    Limitation of Liability and Indemnification.

25-3-4    Voting.

25-3-5    Records and Information.

25-3-6    Admission of Owners.

25-3-7    Dissociation.

25-4 FINANCE

25-4-1    Contributions.

25-4-2    Liability for Contribution.

25-4-3    Allocation of Profits and Losses.

25-5 NON-LIQUIDATING DISTRIBUTIONS

25-5-1    Interim Distributions.

25-5-2    Allocation of Distributions.

25-5-3    Distribution Upon Partial Redemption.

25-5-4    Distribution Upon Dissociation.

25-5-5    Distribution in Kind.

25-5-6    Right to Distribution.

25-5-7    Limitations of Distributions.

25-5-8    Liability for Wrongful Distribution.

25-6 OWNERSHIP AND TRANSFER OF PROPERTY

25-6-1    Ownership of LLC Property.

25-6-2    Transfer of Property.

25-6-3    Nature of Interest.

25-6-4    Assignment of LLC Interest.

25-6-5    Rights of Judgment Creditor.

25-6-6    Right of Assignee to Become an Owner.

25-6-7    Powers of Legal Representative.

25-7 DISSOLUTION

25-7-1    Dissolution.

25-7-2    Judicial Dissolution.

25-7-3    Winding Up.

25-7-4    Distribution of Assets.

25-7-5    Articles of Dissolution.

25-7-6    Known Claims Against Dissolved LLC.

25-7-7    Unknown or Contingent Claims.

25-8 MERGER

25-8-1    Definitions.

25-8-2    Merger.

25-8-3    Approval of Merger.

25-8-4    Plan of Merger.

25-8-5    Articles of Merger.

25-8-6    Effects of Merger.

25-8-7    Right to Object.

25-9 LIMITED LIABILITY COMPANIES WHOLLY-OWNED BY THE NATION

25-9-1    General Provisions for Tribally-Owned LLC’s

25-9-2    Special Formation Requirements For Tribally-Owned LLC’S

25-9-3    Management of Tribally Owned LLC’s.

25-9-4    Decisions and Voting for Tribally-Owned LLC’s

25-9-5    Distributions for Tribally-Owned LLC’s

25-9-6    Additional Reports and Audits

25-9-7    Actions Against Tribally-Owned LLC’s

25-10 EFFECTIVE DATE AND AUTHORITY

25-10-1    Severability; Effect of Invalidity of Part of this Code.

25-10-2    Effective Date.

25-10-3    Authority.

25-10-4    No Impairment of Contracts.

25-10-5    Fees for Filing Documents and Issuing Certificates.

25-10-6    Certificates and Certified Copies to be Received in Evidence.

25-10-7    Forms to be Furnished by the Tribal Secretary.

25-10-8    Franchise Taxes Established by Title 10.