Tribal Law - Turtle Mountain Band of Chippewa Indians of North Dacota; National Indian Law Library, Native American Rights Fund

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

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To contact the Turtle Mountain Band of Chippewa Indians, visit the tribe's website. The tribe also publishes their laws through the law library on their website.

Turtle Mountain Band of Chippewa Indians Tribal Code

29.03.070 Dissolution.

(a) A corporation formed pursuant to this chapter may be dissolved whenever a resolution is adopted by at least two-thirds of the shareholders requesting dissolution and a certified copy of the resolution is filed with the Tribal Secretary of the Tribe. The resolution may designate a trustee or trustees to conduct the winding up of the corporation's affairs. The trustee or trustees appointed shall, as speedily as practicable after appointment, proceed to:

(1) Collect all sums due or owing to the corporation;

(2) Sell and convert to cash all corporate assets;

(3) Pay all debts and liabilities of the corporation

(b) Any property remaining after discharging the debts and liabilities of the corporation shall be distributed by the trustee or trustees to the shareholders.