Turtle Mountain Band of Chippewa Indians of North Dacota - Tribal Law

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Turtle Mountain Band of Chippewa Indians Tribal Code

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.

Original url: https://law.tmchippewa.com/us/nsn/tmchippewa/council/code/29.02.160

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