29.01.030 General Powers

(a) The Turtle Mountain Band of Chippewa Indians has inherent sovereignty to enter into business relations as it deems consistent with the best interests of the Tribe. The Tribe may enter into business relationships, including but not limited to, as the Tribe itself, as an Tribal Business of the Tribe operating under a doing business as name, as a corporation, as a limited liability company, joint venture, or other business organization.

(b) Corporations may be organized under this Title for any lawful purpose.

(c) General Powers. Unless its Articles of Incorporation provide otherwise, every corporation shall have the following powers:

(1) To exist perpetually;

(2) To sue and be sued and to complain or defend in its corporate name, except that the extent of the corporation's liability shall be limited to the assets of the corporation or insured coverage, and shall be subject to the limitations contained in this Title;

(3) To have a corporate seal, which may be altered at will, and to use it or a facsimile of it by impressing or affixing it or in any manner reproduce it;

(4) To purchase, receive, lease, or otherwise acquire, and own, hold, improve, use, and otherwise deal with real or personal property, or any interest in property wherever located;

(5) To sell, convey, mortgage, pledge, lease, exchange, and otherwise dispose of all or any part of its property;

(6) To purchase, receive, subscribe for, or otherwise acquires, own, hold, vote, use, sell, mortgage, lend, pledge, or otherwise dispose of and deal in and with shares or other interests in or obligations of any other entity;

(7) To make contracts and incur liabilities, borrow money, issue notes, bonds, and other obligations, and secure any of its obligations by mortgage or pledge of any of its property, franchises, and income;

(8) To lend money, invest its funds, and receive and hold real and personal property as security for repayment;

(9) To be a promoter, partner, member, associate, or manager of any partnership, joint venture, trust, or other entity;

(10) To conduct its business, locate offices, and exercise the powers granted by this Title within or without land held in trust for the Nation;

(11) To elect or appoint officers and agents of the corporation, define their duties and fix their compensation;

(12) To pay pensions and establish pension plans, trusts, profit sharing plans, share bonus plans, and benefit or incentive plans for any or all its current or former directors, officers, and employees;

(13) To indemnify any director or officer against their expenses incurred in connection with the defense of any action suit or proceeding in which they are a party by reason of their service with the corporation, except in cases where the director or officer is adjudged liable for negligence or misconduct in the performance of duty;

(14) To make and amend bylaws, not inconsistent with its articles of incorporation or with the laws of the Tribe, for managing the business and regulating the affairs of the corporation;

(15) To make donations for the public welfare or for charitable, scientific, or educational purposes;

(16) To transact any lawful business that will aid governmental policy; and

(17) To have and exercise all powers necessary or convenient to effect its purposes.

(d) Applicable Law. Any Corporation established pursuant to this Title shall be bound by all applicable laws of the Turtle Mountain Band of Chippewa Indians.