LLC.1.9.090 Additional Requirements for the Articles of Organization
As set forth in Section LLC.1.9.070, Tribally-owned limited liability companies established under Section LLC.1.9.010 and Section LLC.1.9.020 may grant a limited waiver of sovereign immunity in order to promote economic development through commercial transactions for which such a waiver is necessary and beneficial to the Tribe. The method for granting a limited waiver of sovereign immunity through the above mentioned entities is as follows:
(a) The sovereign immunity of a Tribally-owned LLC may be waived only by:
(1) A resolution adopted by the Board of Directors of the Tribally-owned LLC for the specific purpose of granting a waiver, or in the case of Owner managed Tribally- owned subsidiary LLC, by the Owner's Board of Directors; and
(2) The language of the waiver must be explicit; and
(3) The waiver must be contained in a written contract or commercial document to
which the LLC is a party.
(b) Waivers of sovereign immunity by resolution of the Tribal Council may be granted only when necessary to secure a substantial advantage or benefit to the Tribally-owned LLC. Waivers of sovereign immunity by resolution may not be general but must be specific and limited as to duration, grantee, transaction, property or funds of the Tribally-owned LLC subject to the waiver, court having jurisdiction and applicable law.