Authority of Grand Traverse Band, MI Part 6 Limitation on Corporate Powers

§ 212 Limitation on Corporate Power.

The Corporation shall have no power:

(a) To sell, mortgage, or lease for a period exceeding 40 years any trust or restricted lands included in the limits of the Grand Traverse Band Reservation.

(b) To expressly or implicitly enter into agreements of any kind on behalf of the Grand Traverse Band.

(c) To pledge the credit of the Grand Traverse Band.

(d) To dispose of, pledge, or otherwise encumber real or personal property of the Grand Traverse Band.

(e) To waive any right, privilege, or immunity of, or release any obligation owed to, the Grand Traverse Band.

(f) To enter into any sublease or other encumbrance or other instrument respecting lands leased to the Corporation by the Grand Traverse Band without the prior written approval of the Tribal Council of the Grand Traverse Band.

(g) To sell or otherwise dispose of all, or substantially all, of the Corporation's assets, other than in the usual and regular course of its business, without the prior written approval of the Grand Traverse Band Tribal Council, except that the Corporation shall have the power, without such approval, to mortgage the property known as the fee simple lands.