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

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Turtle Mountain Band of Chippewa Indians Tribal Code

29.13.080 Contributions

(a) A member's contributions to an LLC may consist of cash, property, or services rendered, or promissory notes or other written obligations to provide cash or property or to perform services.

(b) The value of a member's contribution shall be determined in the manner provided in articles of operation. If the articles of operation does not fix a value to a contribution, the value of a contribution shall be approved by a majority in interest of the members, shall be properly reflected in the records and information kept by the LLC under the “Records and Information“ section of this Title, paragraph a. The value of contributions so determined shall be binding and conclusive on the LLC and its members.

Original url: https://law.tmchippewa.com/us/nsn/tmchippewa/council/code/29.13.080

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