29.02.160 Disposition of Assets for Tribal Corporations
Upon dissolution of a tribal corporation its assets shall be distributed at the direction of the Tribal Council, or its designee, as follows:
(a) Any property held upon an express condition requiring its return, transfer or other disposition shall be distributed accordingly;
(b) Any property or assets required to be distributed or transferred in any manner according to federal law shall be distributed or transferred accordingly;
(c) Claims of creditors of the tribal corporation approved by the Tribal Council shall be paid accordingly; and
(d) Remaining assets shall be transferred to another tribal corporation, to the Tribe, or distributed or transferred by law enacted by the tribal council.