A fund may dissolve and wind up its affairs in the following manner:
(1) 
The dissolution of the fund shall be authorized at a meeting of the Board of Directors upon the adoption of a resolution to dissolve by the vote of a majority of the members of the Board; and
(2) 
Upon adoption of such resolution by the Board, the fund shall cease to conduct its affairs except insofar as may be necessary for the winding up thereof, shall immediately cause a notice of the proposed dissolution to be mailed to each known creditor of the fund and shall proceed to collect its assets and apply and distribute them as provided in this chapter.
(Ord. 130 § 4.1, 10-6-2006 (Res. 2006-314))
The assets of a fund in the process of dissolution shall be applied and distributed as follows:
(1) 
All liabilities and obligations of the fund shall be paid, satisfied, and discharged, or adequate provisions shall be made therefor;
(2) 
Assets held by the fund upon condition requiring return, transfer, or conveyance, which condition occurs by reason of the dissolution, shall be returned, transferred, or conveyed in accordance with such requirements;
(3) 
Assets received and held by the fund subject to limitations, permitting their use only for charitable, religious, missionary, benevolent, educational, or similar purposes, but not held upon a condition requiring return, transfer, or conveyance by reason of the dissolution, shall be transferred or conveyed to one or more domestic or foreign funds, societies, or organizations engaged in activities substantially similar to those of the dissolving fund, pursuant to a plan of distribution adopted as provided in this chapter;
(4) 
Other assets, if any, shall be distributed in accordance with the provisions of the charter or the bylaws to the extent that the charter or bylaws determine the distributive rights of members, or any class or classes of members, or provide for distribution to others; and
(5) 
Any remaining assets may be distributed to such persons, societies, organizations, or domestic or foreign funds as may be specified if a plan of distribution is adopted as provided in this chapter.
(Ord. 130 § 4.2, 10-6-2006 (Res. 2006-314))
A plan providing for the distribution of assets, not inconsistent with the provisions of this chapter, may be adopted by a fund in the process of dissolution and shall be adopted by a fund for the purpose of authorizing any transfer or conveyance of assets for which this chapter requires a plan for distribution.
(Ord. 130 § 4.3, 10-6-2006 (Res. 2006-314))
(1) 
When a Committee or the Board decides to revoke a dissolution, a resolution to revoke the voluntary dissolution proceeding shall be adopted at a meeting of the Board of Directors upon receiving the vote of a majority of the members in office; and
(2) 
Upon adoption of such resolution by the Board the fund may thereupon again conduct its affairs. If the charter of dissolution has been delivered to the Tribal Secretary, notice of such revocation shall be given to them in writing.
(Ord. 130 § 4.4, 10-6-2006 (Res. 2006-314))
If voluntary dissolution proceedings have not been revoked, when all debts, liabilities, and obligations of the fund shall have been made therefor, and all of the remaining property and assets of the fund shall have been transferred, conveyed, or distributed in accordance with the provisions of this chapter, a charter of dissolution shall be executed in duplicate by the fund, by its President or a Vice-President, and the fund seal shall be thereto affixed and attested by its Secretary or an Assistant Secretary, and such statement shall set forth:
(1) 
The name of the fund;
(2) 
Where there are members having voting rights:
(a) 
A statement setting forth the date of the meeting of members at which the resolution to dissolve was adopted, that a quorum was present at such meeting, and that such resolution received at least two-thirds of the votes entitled to be cast by members or represented by proxy at such meetings; or
(b) 
A statement that such resolution was adopted by consent in writing signed by all members entitled to vote with respect thereto;
(3) 
Where there are no members, or no members having voting rights, a statement of such fact, the date of the meeting of the Charitable Fund Committee at which the resolution to dissolve received the vote of a majority of the members in office;
(4) 
That all debts, liabilities, and obligations of the fund have been paid and discharged or that adequate provision has been made therefor;
(5) 
That all the remaining property and assets of the fund have been transferred, conveyed, or distributed in accordance with the provisions of this chapter; and
(6) 
That there are no suits pending against the fund in any court, or that adequate provisions have been made for the satisfaction of any judgment, order, or decree which may be entered against it in any pending suit.
(Ord. 130 § 4.5, 10-6-2006 (Res. 2006-314))
(1) 
Duplicate originals of such charter of dissolution shall be delivered to the Tribal Secretary.
(2) 
If the Tribal Secretary finds that such charter of dissolution conforms to law, he shall, when all fees and charges have been paid as in this chapter prescribed:
(a) 
Endorse on each of such duplicate original the word “filed,” and the month, day, and year of such filing thereof;
(b) 
File one of such duplicate original in their office;
(c) 
Issue a certificate of dissolution to which they shall affix the other duplicate original; and
(d) 
Deliver the certificate of dissolution, together with the duplicate original of the charter of dissolution affixed thereto, to the representative of the dissolved fund.
(3) 
Upon the issuance of such certificate of dissolution, the existence of the fund shall cease, except for the purpose of suits, other proceedings, and appropriate corporate action by members and officers as provided in this chapter.
(Ord. 130 § 4.6, 10-6-2006 (Res. 2006-314))
Upon the voluntary or involuntary dissolution of a fund, the portion of the assets distributable to any persons who are unknown or cannot be found, or who are under disability and there is no person legally competent to receive such distributive portion, shall be reduced to cash and be deposited with the Tribal Secretary and shall be paid over to such person or to his legal representative upon proof satisfactory to the Court of his rights thereto.
(Ord. 130 § 4.7, 10-6-2006 (Res. 2006-314))
If a court of competent jurisdiction shall adjudge to be invalid or unconstitutional any clause, sentence, paragraph, section, or part of this chapter, such judgment or decree shall not affect, impair, invalidate, or nullify the remainder of this chapter, but the effect thereof shall be confined to the clause, sentence, paragraph, section, or part of this chapter so adjudged to be invalid or unconstitutional.
(Ord. 130 § 4.8, 10-6-2006 (Res. 2006-314))