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

Disclaimer: Although every effort is made to present current and accurate information, if you need an official version of the tribe’s laws, please contact the tribe.

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

29.16.040 Distribution of Assets

Upon the winding up an LLC, the assets shall be distributed in the following order:

(a) To creditors, including to the extent permitted by law, members, and former members in satisfaction of liabilities of the LLC.

(b) Unless otherwise provided in articles of operation, to members and former members in satisfaction of liabilities for distributions under Chapter V of this Title.

(c) Unless otherwise provided in articles of operation, to members and former members first for the return of their contributions in proportion to their respective values and, thereafter, in proportion to their respective rights to share in distributions from the LLC before dissolution.