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Grand Traverse Band of Ottawa and Chippewa Indians chevron_right chevron_right Statutes of the Grand Traverse Band of Ottawa and Chippewa Indians chevron_right Title 15 Commerce chevron_right Chapter 2 GTB Economic Development Corporation — Federal Charter of Incorporation

Chapter 2 GTB Economic Development Corporation — Federal Charter of Incorporation

Part 1 Corporate Identity and Status

§ 202 Federal Charter.

§ 203 Corporation Distinct Entity.

§ 204 Immunity.

Part 2 Corporate Purposes

§ 205 Purposes.

Part 3 Status of Corporation

§ 207 Sovereign Immunity of GTB.

§ 208 Taxation.

§ 209 Business Affairs Management.

Part 4 Period of Duration

§ 210 Duration.

Part 5 Corporate Powers

§ 211 Corporate Powers.

Part 6 Limitation on Corporate Powers

§ 212 Limitation on Corporate Power.

Part 7 Limited Liability

§ 213 General.

§ 214 Tribal Assets.

§ 215 Tribal Sovereign Immunity.

§ 216 Sovereign Immunity of the Corporation.

§ 217 Sovereign Immunity of the Tribe.

§ 218 Waiver of Sovereign Immunity of the Corporation.

Part 8 Sole Shareholder

§ 219 Sole Shareholder.

§ 220 Shareholder Shall Act Through Its Tribal Council.

§ 221 Annual Meeting.

§ 222 Special Meetings.

Part 9 Board of Directors

§ 224 Affairs and Management of the Corporation.

§ 226 How Appointed.

§ 227 Term of Office.

§ 228 Qualifications of Directors.

§ 229 Duties of Directors.

§ 230 Director's Meetings.

§ 231 Notice of Meetings.

§ 234 Presumption of Assent.

§ 235 Resignation and Removal of Directors.

§ 236 Vacancies.

§ 237 Action Without a Meeting.

§ 238 Initial Board of Directors.

Part 10 Officers

§ 239 General.

§ 240 Appointment.

§ 241 Resignation and Removal of Officers.

§ 242 Vacancies.

§ 243 The Chief Executive Officer.

§ 244 The Assistant Executive Officer.

§ 245 The Secretary and Records Keeper.

§ 246 The Chief Financial Officer and Treasurer.

§ 247 General Counsel.

§ 248 Salaries or Other Compensation.

Part 11 Indemnification of Directors, Officers, Employees, and Agents

§ 249 Liability Indemnification.

§ 250 Defense Costs Reimbursement.

Part 12 Ownership of Corporation

§ 251 GTB Sole Owner and Shareholder.

§ 252 Exercise of Ownership Rights.

§ 253 Prohibition on Sale or Transfer of Shares without Consent.

§ 254 Tribal Council as Shareholder Representative.

Part 13 Dividends

§ 255 Profit Declaration and Distribution.

§ 256 Dividends from Non-Gaming Funds.

Part 14 Books and Records; Financial Reports

§ 257 Books and Records.

§ 258 Financial Reports.

§ 259 Maintenance of Financial Records.

§ 260 Reports to Shareholders.

§ 261 Financial and Operating Records.

§ 262 Audited Financial Statements.

Part 15 Insurance

§ 263 Insurance Coverage.

Part 16 Principal Office and Agent for Service of Process

§ 264 Principal Office Address; Agent for Service of Process.

Part 17 Claims Against the Corporation

§ 265 Assets and Properties of Grand Traverse Band.

§ 266 Waiver on Part of Corporation not Waiver on Part of GTB.

Part 18 Amendment of Charter of Incorporation

§ 267 Petitioning for Amendments; Secretarial Approval.

§ 268 Tribal Council Final Decisionmaker for Amendments.

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