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Lac Courte Oreilles Band of Lake Superior Chippewa Indians of Wisconsin - Tribal Law

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Lac Courte Oreilles Tribal Code of Law.

LLC.1.9.080 Formation

(a) Tribally-owned LLC's. The Chairman of the Tribal Governing Board shall be the organizer of any Tribally-owned limited liability company.

(b) Subsidiaries of Tribally-owned LLC's. A Board Member of the parent Tribally-owned LLC or parent Tribal Corporation shall be the organizer of any Tribally-owned subsidiary LLC. If practicable, such Board Member shall also be a member of the Tribe.

(c) Unless a delayed effective date is specified:

(1) The existence of a Tribally-owned LLC begins when the Articles of Organization have been approved by resolution of the Tribal Council in accordance with Section LLC.1.9.010 and have been filed with the Office of the Secretary/Treasurer in accordance with Section LLC.1.1.110.

(2) The existence of a subsidiary LLC owned by a Tribally-owned LLC or Tribal Corporation begins when the Articles of Organization have been approved by a resolution of the Directors of the parent Tribally-owned LLC or Tribal Corporation and have been filed with the Office of the Secretary-Treasurer in accordance with Section LLC.1.1.110.

(3) The Articles of Organization of any Tribally-owned LLC or subsidiary thereof, and any amendments thereto, shall be filed with the Office of the Secretary/Treasurer in accordance with Section LLC.1.1.110, and shall state at a minimum the items set forth in Section LLC.1.9.090 below.

Original url: https://law.lco-nsn.gov/us/nsn/lco/council/code/LLC.1.9.080

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