LLC.1.1.020 Purposes; Sovereign Immunity

(a) The purpose of this Code is to provide for economic development of the Lac Courte Oreilles Band of Lake Superior Chippewa Indians and its Owners by:

(1) providing the legal framework for organizing individually-owned business entities in order to expand the private business sector on the Reservation; and

(2) authorizing the formation of wholly-owned Tribal business entities for managing the Tribe's economic activities separate from the general affairs of the Tribal Governing Board, with the ability to enter into legally-binding contracts and commercial relationships without the need for formal Tribal Council action.

(b) By the adoption of this Code, the Tribe does not waive its sovereign immunity or consent to suit in any court, federal, tribal or state, and neither the adoption of this Code, nor the incorporation of any limited liability company hereunder, shall be construed to be a waiver of the sovereign immunity of the Tribe or a consent to suit against the Tribe in any court.