[HISTORY: Adopted by the Tribal Council of the Nottawaseppi
Huron Band of the Potawatomi 3-17-2011 by Res. No. 03-17-11-08 (Title IV, Ch.
2, of the Tribal Code). Amendments noted where applicable.]
Article I General Provisions
§ 4.2-1 Short title.
§ 4.2-2 Authority; purposes; sovereign immunity.
§ 4.2-3 Scope.
§ 4.2-4 Applicable law.
§ 4.2-5 Definitions.
§ 4.2-6 Name.
§ 4.2-7 Registered office and registered agent.
§ 4.2-8 Band as owner.
§ 4.2-9 Nature of business.
§ 4.2-10 Execution of documents.
§ 4.2-11 Filing.
§ 4.2-12 Certificate of status.
§ 4.2-13 Execution by judicial act.
§ 4.2-14 Interstate application.
Article II Operating Agreement and Dealing with LLC
§ 4.2-15 Articles of organization.
§ 4.2-16 Agency power of owners and managers.
§ 4.2-17 Admissions of owners and managers.
§ 4.2-18 Knowledge of or notice to owner or manager.
§ 4.2-19 Liability of owners to third parties.
§ 4.2-20 Parties to action.
§ 4.2-21 Authority to sue.
Article III Owners and Managers
§ 4.2-22 Management.
§ 4.2-23 Duties.
§ 4.2-24 Limitation of liability and indemnification.
§ 4.2-25 Voting.
§ 4.2-26 Records and information.
§ 4.2-27 Admission of owners.
§ 4.2-28 Dissociation.
Article IV Finance
§ 4.2-29 Contributions.
§ 4.2-30 Liability for contribution.
§ 4.2-31 Allocation of profits and losses.
Article V Nonliquidating Distributions
§ 4.2-32 Interim distributions.
§ 4.2-33 Allocation of distributions.
§ 4.2-34 Distribution upon partial redemption.
§ 4.2-35 Distribution upon dissociation.
§ 4.2-36 Distribution in kind.
§ 4.2-37 Right to distribution.
§ 4.2-38 Limitations of distributions.
§ 4.2-39 Liability for wrongful distribution.
Article VI Ownership and Transfer of Property
§ 4.2-40 Ownership of LLC property.
§ 4.2-41 Transfer of property.
§ 4.2-42 Nature of interest.
§ 4.2-43 Assignment of LLC interest.
§ 4.2-44 Rights of judgment creditor.
§ 4.2-45 Right of assignee to become an owner.
§ 4.2-46 Powers of legal representative.
Article VII Dissolution
§ 4.2-47 Dissolution.
§ 4.2-48 Judicial dissolution.
§ 4.2-49 Winding up.
§ 4.2-50 Distribution of assets.
§ 4.2-51 Articles of dissolution.
§ 4.2-52 Known claims against dissolved LLC.
§ 4.2-53 Unknown or contingent claims.
Article VIII Merger
§ 4.2-54 Definitions.
§ 4.2-55 Merger.
§ 4.2-56 Approval of merger.
§ 4.2-57 Plan of merger.
§ 4.2-58 Articles of merger.
§ 4.2-59 Effects of merger.
§ 4.2-60 Right to object.
Article IX Limited Liability Companies Wholly Owned by the Band
§ 4.2-61 General provisions for tribally owned LLC's.
§ 4.2-62 Special formation requirements for tribally owned LLC's.
§ 4.2-63 Management of tribally owned LLC's.
§ 4.2-64 Decisions and voting for tribally owned LLC's.
§ 4.2-65 Distributions for tribally owned LLC's.
§ 4.2-66 Additional reports and audits.
§ 4.2-67 Actions against tribally owned LLC's.
Article X Conversion
§ 4.2-68 Requirements for conversion of business entity into domestic limited liability company.
§ 4.2-69 Effectiveness.
§ 4.2-70 Effect of conversion.
Article XI Effective Date and Authority