29.02.050 Amendment of Tribal Corporation Charter

Any tribal corporation chartered under the laws and sovereign power of the Tribe may be amended.

(a) A corporation may amend its articles of incorporation by submitting executed articles of amendment with the Secretary/Treasurer. The articles of amendment shall be approved by the corporation's shareholders and executed by its president or vice president and its secretary. If a corporation is owned and operated in whole or in part by the Tribe, the Tribal Council must approve the amendments by a two-thirds vote.

(b) Duplicate originals of the executed articles of amendment shall be delivered to the Secretary/Treasurer. If the Secretary/Treasurer determines that the articles of amendment conform to tribal law, the Secretary/Treasurer shall:

(1) Endorse on each duplicate original the word "files" and the month, day, and year of such filing thereof.

(2) Register and maintain one such duplicate original in the Legislative Office.

(3) Issue a certificate of amendment to which the Secretary shall affix the other duplicate original and return to the corporation.

(c) Upon the issuance of the certificate of amendment by the Secretary, the amendment shall become effective and is conclusive proof that all conditions precedent for amendment of the articles of incorporation have been satisfied.