{"t": "Title LLC Limited Liability Company", "p": "/us/nsn/lco/council/code/LLC", "et": "container", "dj": "/us/nsn/lco/council/code/index.json", "fh": "/us/nsn/lco/council/code/LLC/index.full.html", "sc": "Title LLC", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC", "c": [{"t": "Chapter LLC.1 Limited Liability Company Code of the Lac Courte Oreilles Band of Lake Superior Chippewa Indians", "p": "/us/nsn/lco/council/code/LLC.1", "et": "container", "sc": "Chapter LLC.1", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1", "c": [{"t": "Subchapter LLC.1.1 General Provisions", "p": "/us/nsn/lco/council/code/LLC.1.1", "et": "container", "sc": "Subchapter LLC.1.1", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1", "c": [{"t": "LLC.1.1.010 Short Title", "p": "/us/nsn/lco/council/code/LLC.1.1.010", "et": "section", "sc": "Section LLC.1.1.010", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1|LLC.1.1.010"}, {"t": "LLC.1.1.020 Purposes; Sovereign Immunity", "p": "/us/nsn/lco/council/code/LLC.1.1.020", "et": "section", "sc": "Section LLC.1.1.020", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1|LLC.1.1.020", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.1.020#(a)", "et": "para", "sc": "Section LLC.1.1.020(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.1.020#(a)(1)", "et": "para", "sc": "Section LLC.1.1.020(a)(1)", "x": "providing the legal framework for organizing individually-owned business en"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.1.020#(a)(2)", "et": "para", "sc": "Section LLC.1.1.020(a)(2)", "x": "authorizing the formation of wholly-owned Tribal business entities for mana"}], "x": "The purpose of this Code is to provide for economic development of the Lac "}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.1.020#(b)", "et": "para", "sc": "Section LLC.1.1.020(b)", "x": "By the adoption of this Code, the Tribe does not waive its sovereign immuni"}]}, {"t": "LLC.1.1.030 Scope", "p": "/us/nsn/lco/council/code/LLC.1.1.030", "et": "section", "sc": "Section LLC.1.1.030", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1|LLC.1.1.030"}, {"t": "LLC.1.1.040 Applicable Law", "p": "/us/nsn/lco/council/code/LLC.1.1.040", "et": "section", "sc": "Section LLC.1.1.040", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1|LLC.1.1.040"}, {"t": "LLC.1.1.050 Definitions", "p": "/us/nsn/lco/council/code/LLC.1.1.050", "et": "section", "sc": "Section LLC.1.1.050", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1|LLC.1.1.050", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(a)", "et": "para", "sc": "Section LLC.1.1.050(a)", "x": "\"Articles of Organization\" means the articles filed under Section LLC.1.2.0"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(b)", "et": "para", "sc": "Section LLC.1.1.050(b)", "x": "\"Corporation\" means a domestic corporation for profit organized under the l"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(c)", "et": "para", "sc": "Section LLC.1.1.050(c)", "x": "\"Distribution\" means a direct or indirect transfer by a limited liability c"}, {"t": "(d)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(d)", "et": "para", "sc": "Section LLC.1.1.050(d)", "x": "\"Entity\" includes an individual, a general partnership, limited partnership"}, {"t": "(e)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(e)", "et": "para", "sc": "Section LLC.1.1.050(e)", "x": "\"Foreign\" refers to limited liability companies, corporations and limited p"}, {"t": "(f)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(f)", "et": "para", "sc": "Section LLC.1.1.050(f)", "x": "\"Limited Liability Company\" or \"Domestic Limited Liability Company\" means a"}, {"t": "(g)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(g)", "et": "para", "sc": "Section LLC.1.1.050(g)", "x": "\"Limited Liability Company Interest\" or \"Interest in the Limited Liability "}, {"t": "(h)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(h)", "et": "para", "sc": "Section LLC.1.1.050(h)", "x": "\"LLC\" means a limited liability company."}, {"t": "(i)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(i)", "et": "para", "sc": "Section LLC.1.1.050(i)", "x": "\"Majority in Interest\" means an Owner or Owners holding more than fifty per"}, {"t": "(j)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(j)", "et": "para", "sc": "Section LLC.1.1.050(j)", "x": "\"Manager\" or \"Managers\" means the person(s) or entity(ies) designated to ma"}, {"t": "(k)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(k)", "et": "para", "sc": "Section LLC.1.1.050(k)", "x": "\"Office of the Secretary/Treasurer\" means the Office of the Secretary-Treas"}, {"t": "(l)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(l)", "et": "para", "sc": "Section LLC.1.1.050(l)", "x": "\"Operating Agreement\" means an agreement in writing among all of the Owners"}, {"t": "(m)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(m)", "et": "para", "sc": "Section LLC.1.1.050(m)", "x": "\"Organizer(s)\" means the person(s) or entity(ies) which signs and delivers "}, {"t": "(n)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(n)", "et": "para", "sc": "Section LLC.1.1.050(n)", "x": "\"Owner\" \"Member\" means a Person that is a member of a limited liability com"}, {"t": "(o)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(o)", "et": "para", "sc": "Section LLC.1.1.050(o)", "x": "\"Person\" includes a natural person, Tribal Entity and an organization such "}, {"t": "(p)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(p)", "et": "para", "sc": "Section LLC.1.1.050(p)", "x": "\"Reservation\" means all lands under the jurisdiction of the Tribe, includin"}, {"t": "(q)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(q)", "et": "para", "sc": "Section LLC.1.1.050(q)", "x": "\"State\" includes a state, territory, or possession of the United States and"}, {"t": "(r)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(r)", "et": "para", "sc": "Section LLC.1.1.050(r)", "x": "\"Tribal Entity\" includes the Tribe, the Tribal Governing Board, a general p"}, {"t": "(s)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(s)", "et": "para", "sc": "Section LLC.1.1.050(s)", "x": "\"Tribal Governing Board\" means the Tribal Governing Board as established by"}, {"t": "(t)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(t)", "et": "para", "sc": "Section LLC.1.1.050(t)", "x": "\"Tribal Constitution\" means the Amended Tribal Constitution and Bylaws of t"}, {"t": "(u)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(u)", "et": "para", "sc": "Section LLC.1.1.050(u)", "x": "\"Tribal Corporation\" means a corporation wholly-owned by the Tribe and duly"}, {"t": "(v)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(v)", "et": "para", "sc": "Section LLC.1.1.050(v)", "x": "\"Tribal Court\" means the Lac Courte Oreilles Tribal Court."}, {"t": "(w)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(w)", "et": "para", "sc": "Section LLC.1.1.050(w)", "x": "\"Tribally-owned LLC\" means a limited liability company wholly-owned by the "}, {"t": "(x)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(x)", "et": "para", "sc": "Section LLC.1.1.050(x)", "x": "\"Tribe\" means the Lac Courte Oreilles Band of Lake Superior Chippewa Indian"}, {"t": "(y)", "p": "/us/nsn/lco/council/code/LLC.1.1.050#(y)", "et": "para", "sc": "Section LLC.1.1.050(y)", "x": "\"Trust Land\" means land held in trust by the United States for the benefit "}]}, {"t": "LLC.1.1.060 Name", "p": "/us/nsn/lco/council/code/LLC.1.1.060", "et": "section", "sc": "Section LLC.1.1.060", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1|LLC.1.1.060", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.1.060#(a)", "et": "para", "sc": "Section LLC.1.1.060(a)", "x": "The name of a limited liability company as set forth in its Articles of Org"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.1.060#(b)", "et": "para", "sc": "Section LLC.1.1.060(b)", "x": "The name of a domestic LLC shall be distinguishable from any LLC or corpora"}]}, {"t": "LLC.1.1.070 Registered Office and Registered Agent", "p": "/us/nsn/lco/council/code/LLC.1.1.070", "et": "section", "sc": "Section LLC.1.1.070", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1|LLC.1.1.070", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.1.070#(a)", "et": "para", "sc": "Section LLC.1.1.070(a)", "x": "A limited liability company's registered agent is the company's agent for r"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.1.070#(b)", "et": "para", "sc": "Section LLC.1.1.070(b)", "x": "Each LLC shall continuously maintain a registered office and a registered a"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.1.070#(c)", "et": "para", "sc": "Section LLC.1.1.070(c)", "x": "An LLC may change its registered office or registered agent, or both, filin"}, {"t": "(d)", "p": "/us/nsn/lco/council/code/LLC.1.1.070#(d)", "et": "para", "sc": "Section LLC.1.1.070(d)", "x": "The registered agent of an LLC may resign as a registered agent by deliveri"}]}, {"t": "LLC.1.1.080 Tribe as Owner", "p": "/us/nsn/lco/council/code/LLC.1.1.080", "et": "section", "sc": "Section LLC.1.1.080", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1|LLC.1.1.080", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.1.080#(a)", "et": "para", "sc": "Section LLC.1.1.080(a)", "x": "The Tribe shall form or become an Owner of a Tribally-owned LLC formed unde"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.1.080#(b)", "et": "para", "sc": "Section LLC.1.1.080(b)", "x": "If the Tribe or a Tribal Entity is an Owner of an LLC formed under this Cod"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.1.080#(c)", "et": "para", "sc": "Section LLC.1.1.080(c)", "x": "If the Tribe is the sole Owner of an LLC formed under this Code, such Triba"}, {"t": "(d)", "p": "/us/nsn/lco/council/code/LLC.1.1.080#(d)", "et": "para", "sc": "Section LLC.1.1.080(d)", "x": "If the Tribe or a Tribal Entity is an Owner with a Majority in Interest in "}, {"t": "(e)", "p": "/us/nsn/lco/council/code/LLC.1.1.080#(e)", "et": "para", "sc": "Section LLC.1.1.080(e)", "x": "In no event shall any manager not an Owner of an LLC in which the Tribe is "}, {"t": "(f)", "p": "/us/nsn/lco/council/code/LLC.1.1.080#(f)", "et": "para", "sc": "Section LLC.1.1.080(f)", "x": "Nothing contained in this Code shall be construed as creating any liability"}, {"t": "(g)", "p": "/us/nsn/lco/council/code/LLC.1.1.080#(g)", "et": "para", "sc": "Section LLC.1.1.080(g)", "x": "For all Tribally-owned limited liability companies, the additional provisio"}]}, {"t": "LLC.1.1.090 Nature of Business", "p": "/us/nsn/lco/council/code/LLC.1.1.090", "et": "section", "sc": "Section LLC.1.1.090", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1|LLC.1.1.090", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(a)", "et": "para", "sc": "Section LLC.1.1.090(a)", "x": "Consent to be sued, complain and defend in its name; provided, however, tha"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(b)", "et": "para", "sc": "Section LLC.1.1.090(b)", "x": "Purchase, take, receive, lease, or otherwise acquire and own, hold, improve"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(c)", "et": "para", "sc": "Section LLC.1.1.090(c)", "x": "Sell, convey, mortgage, pledge, create a security interest in, lease, excha"}, {"t": "(d)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(d)", "et": "para", "sc": "Section LLC.1.1.090(d)", "x": "Lend money, property, and services to, and otherwise assist, its Owners and"}, {"t": "(e)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(e)", "et": "para", "sc": "Section LLC.1.1.090(e)", "x": "Purchase, take, receive, subscribe for, or otherwise acquire and own, hold,"}, {"t": "(f)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(f)", "et": "para", "sc": "Section LLC.1.1.090(f)", "x": "Make contracts and guarantees; incur liabilities; borrow money; issue notes"}, {"t": "(g)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(g)", "et": "para", "sc": "Section LLC.1.1.090(g)", "x": "Lend money, invest and reinvest its funds, and receive and hold real or per"}, {"t": "(h)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(h)", "et": "para", "sc": "Section LLC.1.1.090(h)", "x": "Conduct its business, locate offices, and exercise the powers granted by th"}, {"t": "(i)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(i)", "et": "para", "sc": "Section LLC.1.1.090(i)", "x": "Be a promoter, incorporator, partner, Owner, associate, or manager of any e"}, {"t": "(j)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(j)", "et": "para", "sc": "Section LLC.1.1.090(j)", "x": "Elect or appoint managers, agents, and employees, define their duties, and "}, {"t": "(k)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(k)", "et": "para", "sc": "Section LLC.1.1.090(k)", "x": "Pay pensions and establish pension plans, pension trusts, profit-sharing pl"}, {"t": "(l)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(l)", "et": "para", "sc": "Section LLC.1.1.090(l)", "x": "Make donations to and otherwise devote its resources for the public welfare"}, {"t": "(m)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(m)", "et": "para", "sc": "Section LLC.1.1.090(m)", "x": "Indemnify an Owner, manager, employee, officer or agent, or any other perso"}, {"t": "(n)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(n)", "et": "para", "sc": "Section LLC.1.1.090(n)", "x": "Provide benefits or payments to Owners, managers, employees, and agents of "}, {"t": "(o)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(o)", "et": "para", "sc": "Section LLC.1.1.090(o)", "x": "Make payments or donations, or do any other act not prohibited by law, that"}, {"t": "(p)", "p": "/us/nsn/lco/council/code/LLC.1.1.090#(p)", "et": "para", "sc": "Section LLC.1.1.090(p)", "x": "Transact any lawful business that the Owners or the managers find to be app"}]}, {"t": "LLC.1.1.100 Execution of Documents", "p": "/us/nsn/lco/council/code/LLC.1.1.100", "et": "section", "sc": "Section LLC.1.1.100", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1|LLC.1.1.100", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.1.100#(a)", "et": "para", "sc": "Section LLC.1.1.100(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.1.100#(a)(1)", "et": "para", "sc": "Section LLC.1.1.100(a)(1)", "x": "Any manager, if management of the LLC is vested in a manager or managers, o"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.1.100#(a)(2)", "et": "para", "sc": "Section LLC.1.1.100(a)(2)", "x": "All organizers of the LLC if the LLC has not been organized. The name and a"}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.1.100#(a)(3)", "et": "para", "sc": "Section LLC.1.1.100(a)(3)", "x": "The name of the drafter of the document."}], "x": "Except as otherwise provided in this Code, any document required or permitt"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.1.100#(b)", "et": "para", "sc": "Section LLC.1.1.100(b)", "x": "The person executing the document shall sign it and state beneath or opposi"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.1.100#(c)", "et": "para", "sc": "Section LLC.1.1.100(c)", "x": "The person executing the document may do so as an attorney-in-fact. Powers "}]}, {"t": "LLC.1.1.110 Filing", "p": "/us/nsn/lco/council/code/LLC.1.1.110", "et": "section", "sc": "Section LLC.1.1.110", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1|LLC.1.1.110", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.1.110#(a)", "et": "para", "sc": "Section LLC.1.1.110(a)", "x": "The Office of the Secretary/Treasurer shall receive all filings required un"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.1.110#(b)", "et": "para", "sc": "Section LLC.1.1.110(b)", "x": "Upon receipt of a document for filing under this Code, the Office of the Se"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.1.110#(c)", "et": "para", "sc": "Section LLC.1.1.110(c)", "x": "If the Office of the Secretary/Treasurer refuses to file a request, the Off"}, {"t": "(d)", "p": "/us/nsn/lco/council/code/LLC.1.1.110#(d)", "et": "para", "sc": "Section LLC.1.1.110(d)", "x": "Any document accepted by the Office of the Secretary/Treasurer shall be eff"}, {"t": "(e)", "p": "/us/nsn/lco/council/code/LLC.1.1.110#(e)", "et": "para", "sc": "Section LLC.1.1.110(e)", "x": "Fees. The Office of the Secretary-Treasurer shall impose a reasonable filin"}]}, {"t": "LLC.1.1.120 Certificate of Status", "p": "/us/nsn/lco/council/code/LLC.1.1.120", "et": "section", "sc": "Section LLC.1.1.120", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1|LLC.1.1.120"}, {"t": "LLC.1.1.130 Execution by Judicial Act", "p": "/us/nsn/lco/council/code/LLC.1.1.130", "et": "section", "sc": "Section LLC.1.1.130", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1|LLC.1.1.130"}, {"t": "LLC.1.1.140 Interstate Application", "p": "/us/nsn/lco/council/code/LLC.1.1.140", "et": "section", "sc": "Section LLC.1.1.140", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.1|LLC.1.1.140"}]}, {"t": "Subchapter LLC.1.2 Operating Agreement and Dealing with LLC", "p": "/us/nsn/lco/council/code/LLC.1.2", "et": "container", "sc": "Subchapter LLC.1.2", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.2", "c": [{"t": "LLC.1.2.010 Articles of Organization", "p": "/us/nsn/lco/council/code/LLC.1.2.010", "et": "section", "sc": "Section LLC.1.2.010", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.2|LLC.1.2.010", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(a)", "et": "para", "sc": "Section LLC.1.2.010(a)", "x": "One or more persons may organize a limited liability company by signing and"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(b)", "et": "para", "sc": "Section LLC.1.2.010(b)", "x": "A limited liability company shall have one or more Owners."}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(c)", "et": "para", "sc": "Section LLC.1.2.010(c)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(c)(1)", "et": "para", "sc": "Section LLC.1.2.010(c)(1)", "x": "A statement that the LLC is organized under this Code."}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(c)(2)", "et": "para", "sc": "Section LLC.1.2.010(c)(2)", "x": "A name for the LLC that satisfies the provisions of this Code."}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(c)(3)", "et": "para", "sc": "Section LLC.1.2.010(c)(3)", "x": "The street address of the registered office and the name of the registered "}, {"t": "(4)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(c)(4)", "et": "para", "sc": "Section LLC.1.2.010(c)(4)", "x": "If management of the LLC is vested in one or more managers, a statement to "}, {"t": "(5)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(c)(5)", "et": "para", "sc": "Section LLC.1.2.010(c)(5)", "x": "The name and address of each person organizing the LLC."}, {"t": "(6)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(c)(6)", "et": "para", "sc": "Section LLC.1.2.010(c)(6)", "x": "Whether the LLC is Tribally-owned."}, {"t": "(7)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(c)(7)", "et": "para", "sc": "Section LLC.1.2.010(c)(7)", "x": "If Tribally-owned, whether the LLC is to enjoy Tribal sovereign immunity an"}], "x": "The Articles of Organization shall contain all of and only the following in"}, {"t": "(d)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(d)", "et": "para", "sc": "Section LLC.1.2.010(d)", "x": "The Office of the Secretary-Treasurer shall assign each Articles of Organiz"}, {"t": "(e)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(e)", "et": "para", "sc": "Section LLC.1.2.010(e)", "x": "Amendment. An LLC may amend its Articles of Organization at any time by del"}, {"t": "(f)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(f)", "et": "para", "sc": "Section LLC.1.2.010(f)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(f)(1)", "et": "para", "sc": "Section LLC.1.2.010(f)(1)", "x": "An LLC is formed when the Articles of Organization become effective under S"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.2.010#(f)(2)", "et": "para", "sc": "Section LLC.1.2.010(f)(2)", "x": "The Office of the Secretary-Treasurer's filing of the Articles of Organizat"}], "x": "Effect of Delivery or Filing."}]}, {"t": "LLC.1.2.020 Agency Power of Owners and Managers", "p": "/us/nsn/lco/council/code/LLC.1.2.020", "et": "section", "sc": "Section LLC.1.2.020", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.2|LLC.1.2.020", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.2.020#(a)", "et": "para", "sc": "Section LLC.1.2.020(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.2.020#(a)(1)", "et": "para", "sc": "Section LLC.1.2.020(a)(1)", "x": "Each Owner is an agent of the LLC, but not of any the other Owners, for the"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.2.020#(a)(2)", "et": "para", "sc": "Section LLC.1.2.020(a)(2)", "x": "The act of any Owner, including the execution in the name of the LLC of any"}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.2.020#(a)(3)", "et": "para", "sc": "Section LLC.1.2.020(a)(3)", "x": "If the Tribe is an Owner, the Tribe's authority shall be exercised pursuant"}], "x": "Except as provided in subsection 2, below:"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.2.020#(b)", "et": "para", "sc": "Section LLC.1.2.020(b)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.2.020#(b)(1)", "et": "para", "sc": "Section LLC.1.2.020(b)(1)", "x": "No Owner, solely by being an Owner, is an agent of the LLC or of the other "}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.2.020#(b)(2)", "et": "para", "sc": "Section LLC.1.2.020(b)(2)", "x": "Each manager is an agent of the LLC, but not for the other Owners, for the "}], "x": "If management of the LLC is vested in one or more managers:"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.2.020#(c)", "et": "para", "sc": "Section LLC.1.2.020(c)", "x": "No act of an Owner or, if management of the LLC is vested in one or more ma"}]}, {"t": "LLC.1.2.030 Admissions of Owners and Managers", "p": "/us/nsn/lco/council/code/LLC.1.2.030", "et": "section", "sc": "Section LLC.1.2.030", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.2|LLC.1.2.030", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.2.030#(a)", "et": "para", "sc": "Section LLC.1.2.030(a)", "x": "Except as provided in Section LLC.1.2.030(b)(2), an admission or representa"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.2.030#(b)", "et": "para", "sc": "Section LLC.1.2.030(b)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.2.030#(b)(1)", "et": "para", "sc": "Section LLC.1.2.030(b)(1)", "x": "An admission or representation made by a manager concerning the business of"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.2.030#(b)(2)", "et": "para", "sc": "Section LLC.1.2.030(b)(2)", "x": "The admission or representation of any Owner, acting solely in the Owner's "}], "x": "If management of the LLC is vested in one or more managers:"}]}, {"t": "LLC.1.2.040 Knowledge of or Notice to Owner or Manager", "p": "/us/nsn/lco/council/code/LLC.1.2.040", "et": "section", "sc": "Section LLC.1.2.040", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.2|LLC.1.2.040", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.2.040#(a)", "et": "para", "sc": "Section LLC.1.2.040(a)", "x": "Except as provided in Section LLC.1.2.040(b)(2), notice to any Owner of any"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.2.040#(b)", "et": "para", "sc": "Section LLC.1.2.040(b)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.2.040#(b)(1)", "et": "para", "sc": "Section LLC.1.2.040(b)(1)", "x": "Notice to any manager of any matter relating to the business of the LLC, an"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.2.040#(b)(2)", "et": "para", "sc": "Section LLC.1.2.040(b)(2)", "x": "Notice to or knowledge of any Owner while the Owner is acting solely in the"}], "x": "If management of the LLC is vested in one or more managers:"}]}, {"t": "LLC.1.2.050 Liability of Owners to Third Parties", "p": "/us/nsn/lco/council/code/LLC.1.2.050", "et": "section", "sc": "Section LLC.1.2.050", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.2|LLC.1.2.050"}, {"t": "LLC.1.2.060 Parties to Action", "p": "/us/nsn/lco/council/code/LLC.1.2.060", "et": "section", "sc": "Section LLC.1.2.060", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.2|LLC.1.2.060", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.2.060#(a)", "et": "para", "sc": "Section LLC.1.2.060(a)", "x": "The object of the proceeding is to enforce an Owner's right against or liab"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.2.060#(b)", "et": "para", "sc": "Section LLC.1.2.060(b)", "x": "The action is brought by an Owner under Section LLC.1.2.070."}]}, {"t": "LLC.1.2.070 Authority to Sue", "p": "/us/nsn/lco/council/code/LLC.1.2.070", "et": "section", "sc": "Section LLC.1.2.070", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.2|LLC.1.2.070", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.2.070#(a)", "et": "para", "sc": "Section LLC.1.2.070(a)", "x": "One or more Owners of the LLC, if authorized by a Majority in Interest of O"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.2.070#(b)", "et": "para", "sc": "Section LLC.1.2.070(b)", "x": "One or more managers of an LLC if the management of the LLC is vested in on"}]}]}, {"t": "Subchapter LLC.1.3 Owners and Managers", "p": "/us/nsn/lco/council/code/LLC.1.3", "et": "container", "sc": "Subchapter LLC.1.3", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.3", "c": [{"t": "LLC.1.3.010 Management", "p": "/us/nsn/lco/council/code/LLC.1.3.010", "et": "section", "sc": "Section LLC.1.3.010", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.3|LLC.1.3.010", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.3.010#(a)", "et": "para", "sc": "Section LLC.1.3.010(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.3.010#(a)(1)", "et": "para", "sc": "Section LLC.1.3.010(a)(1)", "x": "A difference arising among Owners as to a matter in the ordinary course of "}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.3.010#(a)(2)", "et": "para", "sc": "Section LLC.1.3.010(a)(2)", "x": "An act outside the ordinary course of activities of a limited liability com"}], "x": "Unless the Articles of Organization vest management in one or more managers"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.3.010#(b)", "et": "para", "sc": "Section LLC.1.3.010(b)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.3.010#(b)(1)", "et": "para", "sc": "Section LLC.1.3.010(b)(1)", "x": "Shall be designated, appointed, elected, removed, or replaced by a vote of "}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.3.010#(b)(2)", "et": "para", "sc": "Section LLC.1.3.010(b)(2)", "x": "Need not be Owners of the LLC nor individuals."}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.3.010#(b)(3)", "et": "para", "sc": "Section LLC.1.3.010(b)(3)", "x": "Unless earlier removed or earlier resigned, shall hold office until a succe"}], "x": "If the Articles of Organization vest management in one or more managers, ma"}]}, {"t": "LLC.1.3.020 Duties. Unless Otherwise Provided in the Operating Agreement:", "p": "/us/nsn/lco/council/code/LLC.1.3.020", "et": "section", "sc": "Section LLC.1.3.020", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.3|LLC.1.3.020", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.3.020#(a)", "et": "para", "sc": "Section LLC.1.3.020(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.3.020#(a)(1)", "et": "para", "sc": "Section LLC.1.3.020(a)(1)", "x": "A willful failure to deal fairly with the LLC or its Owners in connection w"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.3.020#(a)(2)", "et": "para", "sc": "Section LLC.1.3.020(a)(2)", "x": "A violation of criminal law involving moral turpitude."}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.3.020#(a)(3)", "et": "para", "sc": "Section LLC.1.3.020(a)(3)", "x": "A transaction from which the Owner or manager derived an improper personal "}, {"t": "(4)", "p": "/us/nsn/lco/council/code/LLC.1.3.020#(a)(4)", "et": "para", "sc": "Section LLC.1.3.020(a)(4)", "x": "Willful misconduct."}], "x": "No Owner or manager shall act or fail to act in a manner that constitutes a"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.3.020#(b)", "et": "para", "sc": "Section LLC.1.3.020(b)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.3.020#(b)(1)", "et": "para", "sc": "Section LLC.1.3.020(b)(1)", "x": "A transaction connected with the organization, conduct, or winding up of th"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.3.020#(b)(2)", "et": "para", "sc": "Section LLC.1.3.020(b)(2)", "x": "A use by an Owner or manager of the property of an LLC, including confident"}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.3.020#(b)(3)", "et": "para", "sc": "Section LLC.1.3.020(b)(3)", "x": "Operating Agreement may impose duties on its Owners and managers that are i"}], "x": "Every Owner and manager shall account to the LLC and hold as trustee for it"}]}, {"t": "LLC.1.3.030 Limitation of Liability and Indemnification", "p": "/us/nsn/lco/council/code/LLC.1.3.030", "et": "section", "sc": "Section LLC.1.3.030", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.3|LLC.1.3.030", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.3.030#(a)", "et": "para", "sc": "Section LLC.1.3.030(a)", "x": "In this section, \"expenses\" mean expenses of defending a lawsuit, including"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.3.030#(b)", "et": "para", "sc": "Section LLC.1.3.030(b)", "x": "An LLC shall indemnify or allow expenses to each Owner and each manager for"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.3.030#(c)", "et": "para", "sc": "Section LLC.1.3.030(c)", "x": "The Operating Agreement may alter or provide additional rights to indemnifi"}, {"t": "(d)", "p": "/us/nsn/lco/council/code/LLC.1.3.030#(d)", "et": "para", "sc": "Section LLC.1.3.030(d)", "x": "Notwithstanding subsections (2) and (3) above, an LLC may not indemnify an "}, {"t": "(e)", "p": "/us/nsn/lco/council/code/LLC.1.3.030#(e)", "et": "para", "sc": "Section LLC.1.3.030(e)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.3.030#(e)(1)", "et": "para", "sc": "Section LLC.1.3.030(e)(1)", "x": "An Owner or manager shall be conclusively presumed not to have breached or "}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.3.030#(e)(2)", "et": "para", "sc": "Section LLC.1.3.030(e)(2)", "x": "In situations not described in paragraph (a), above, the determination of w"}], "x": "Unless otherwise provided in Operating Agreement:"}]}, {"t": "LLC.1.3.040 Voting", "p": "/us/nsn/lco/council/code/LLC.1.3.040", "et": "section", "sc": "Section LLC.1.3.040", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.3|LLC.1.3.040", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.3.040#(a)", "et": "para", "sc": "Section LLC.1.3.040(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.3.040#(a)(1)", "et": "para", "sc": "Section LLC.1.3.040(a)(1)", "x": "If management of an LLC is reserved to the Owners, an affirmative vote, app"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.3.040#(a)(2)", "et": "para", "sc": "Section LLC.1.3.040(a)(2)", "x": "If the management of an LLC is vested in one or more managers, the affirmat"}], "x": "Unless otherwise provided in the Operating Agreement or this section, and s"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.3.040#(b)", "et": "para", "sc": "Section LLC.1.3.040(b)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.3.040#(b)(1)", "et": "para", "sc": "Section LLC.1.3.040(b)(1)", "x": "Amend the Articles of Organization."}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.3.040#(b)(2)", "et": "para", "sc": "Section LLC.1.3.040(b)(2)", "x": "Issue an interest in an LLC to any person."}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.3.040#(b)(3)", "et": "para", "sc": "Section LLC.1.3.040(b)(3)", "x": "Adopt, amend, or revoke Operating Agreement."}, {"t": "(4)", "p": "/us/nsn/lco/council/code/LLC.1.3.040#(b)(4)", "et": "para", "sc": "Section LLC.1.3.040(b)(4)", "x": "Allow an LLC to accept any additional contribution from an Owner."}, {"t": "(5)", "p": "/us/nsn/lco/council/code/LLC.1.3.040#(b)(5)", "et": "para", "sc": "Section LLC.1.3.040(b)(5)", "x": "Allow a partial redemption of an interest in an LLC under Section LLC.1.5.0"}, {"t": "(6)", "p": "/us/nsn/lco/council/code/LLC.1.3.040#(b)(6)", "et": "para", "sc": "Section LLC.1.3.040(b)(6)", "x": "Value contributions of Owners under Section LLC.1.4.010."}, {"t": "(7)", "p": "/us/nsn/lco/council/code/LLC.1.3.040#(b)(7)", "et": "para", "sc": "Section LLC.1.3.040(b)(7)", "x": "Authorize a manager, Owner, or other person to do any act on behalf of the "}], "x": "Unless otherwise provided in the Operating Agreement or this Code, the affi"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.3.040#(c)", "et": "para", "sc": "Section LLC.1.3.040(c)", "x": "Unless otherwise provided in the Operating Agreement, if any Owner is precl"}, {"t": "(d)", "p": "/us/nsn/lco/council/code/LLC.1.3.040#(d)", "et": "para", "sc": "Section LLC.1.3.040(d)", "x": "Unless otherwise provided in Operating Agreement or this section, if all or"}]}, {"t": "LLC.1.3.050 Records and Information", "p": "/us/nsn/lco/council/code/LLC.1.3.050", "et": "section", "sc": "Section LLC.1.3.050", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.3|LLC.1.3.050", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.3.050#(a)", "et": "para", "sc": "Section LLC.1.3.050(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.3.050#(a)(1)", "et": "para", "sc": "Section LLC.1.3.050(a)(1)", "x": "A list, in alphabetical order, of each past and present Owner and, if appli"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.3.050#(a)(2)", "et": "para", "sc": "Section LLC.1.3.050(a)(2)", "x": "A copy of the Articles of Organization and all amendments to the articles, "}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.3.050#(a)(3)", "et": "para", "sc": "Section LLC.1.3.050(a)(3)", "x": "A copy of the Operating Agreement and all amendments thereto."}, {"t": "(4)", "p": "/us/nsn/lco/council/code/LLC.1.3.050#(a)(4)", "et": "para", "sc": "Section LLC.1.3.050(a)(4)", "x": "A record of all matters referred to in this Code as maintained in such reco"}], "x": "An LLC shall keep at its principal place of business all of the following:"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.3.050#(b)", "et": "para", "sc": "Section LLC.1.3.050(b)", "x": "Upon reasonable request, an Owner may, at the Owner's own expense, inspect "}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.3.050#(c)", "et": "para", "sc": "Section LLC.1.3.050(c)", "x": "Owners or, if the management of the LLC is vested in one or more managers, "}, {"t": "(d)", "p": "/us/nsn/lco/council/code/LLC.1.3.050#(d)", "et": "para", "sc": "Section LLC.1.3.050(d)", "x": "Failure of an LLC to keep or maintain any of the records of information req"}]}, {"t": "LLC.1.3.060 Admission of Owners", "p": "/us/nsn/lco/council/code/LLC.1.3.060", "et": "section", "sc": "Section LLC.1.3.060", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.3|LLC.1.3.060", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.3.060#(a)", "et": "para", "sc": "Section LLC.1.3.060(a)", "x": "In connection with the formation of an LLC, a person acquiring an LLC inter"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.3.060#(b)", "et": "para", "sc": "Section LLC.1.3.060(b)", "x": "After the formation of an LLC, a person acquiring an LLC interest is admitt"}]}, {"t": "LLC.1.3.070 Dissociation", "p": "/us/nsn/lco/council/code/LLC.1.3.070", "et": "section", "sc": "Section LLC.1.3.070", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.3|LLC.1.3.070", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.3.070#(a)", "et": "para", "sc": "Section LLC.1.3.070(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.3.070#(a)(1)", "et": "para", "sc": "Section LLC.1.3.070(a)(1)", "x": "The Owner withdraws by voluntary act."}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.3.070#(a)(2)", "et": "para", "sc": "Section LLC.1.3.070(a)(2)", "x": "The Owner is removed as an Owner in accordance with the Operating Agreement"}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.3.070#(a)(3)", "et": "para", "sc": "Section LLC.1.3.070(a)(3)", "c": [{"t": "(A)", "p": "/us/nsn/lco/council/code/LLC.1.3.070#(a)(3)(A)", "et": "para", "sc": "Section LLC.1.3.070(a)(3)(A)", "x": "Makes an assignment for the benefit of the creditors."}, {"t": "(B)", "p": "/us/nsn/lco/council/code/LLC.1.3.070#(a)(3)(B)", "et": "para", "sc": "Section LLC.1.3.070(a)(3)(B)", "x": "Files a petition in bankruptcy."}, {"t": "(C)", "p": "/us/nsn/lco/council/code/LLC.1.3.070#(a)(3)(C)", "et": "para", "sc": "Section LLC.1.3.070(a)(3)(C)", "x": "Becomes the subject of an order for relief under the federal bankruptcy law"}, {"t": "(D)", "p": "/us/nsn/lco/council/code/LLC.1.3.070#(a)(3)(D)", "et": "para", "sc": "Section LLC.1.3.070(a)(3)(D)", "x": "Fails to gain dismissal of any federal bankruptcy or state or tribal insolv"}], "x": "Unless otherwise provided in the Operating Agreement or by the written cons"}, {"t": "(4)", "p": "/us/nsn/lco/council/code/LLC.1.3.070#(a)(4)", "et": "para", "sc": "Section LLC.1.3.070(a)(4)", "c": [{"t": "(A)", "p": "/us/nsn/lco/council/code/LLC.1.3.070#(a)(4)(A)", "et": "para", "sc": "Section LLC.1.3.070(a)(4)(A)", "x": "The Owner's death."}, {"t": "(B)", "p": "/us/nsn/lco/council/code/LLC.1.3.070#(a)(4)(B)", "et": "para", "sc": "Section LLC.1.3.070(a)(4)(B)", "x": "The entry of an order by a court of competent jurisdiction adjudicating the"}], "x": "Unless provided in the Operating Agreement or by the written consent of all"}, {"t": "(5)", "p": "/us/nsn/lco/council/code/LLC.1.3.070#(a)(5)", "et": "para", "sc": "Section LLC.1.3.070(a)(5)", "x": "Unless otherwise provided in the Operating Agreement or by written agreemen"}], "x": "A person ceases to be an Owner of an LLC upon the simultaneous occurrence o"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.3.070#(b)", "et": "para", "sc": "Section LLC.1.3.070(b)", "x": "The Owners may provide in the Operating Agreement for other events the occu"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.3.070#(c)", "et": "para", "sc": "Section LLC.1.3.070(c)", "x": "Unless the Operating Agreement provides that an Owner does not have the pow"}]}]}, {"t": "Subchapter LLC.1.4 Finance", "p": "/us/nsn/lco/council/code/LLC.1.4", "et": "container", "sc": "Subchapter LLC.1.4", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.4", "c": [{"t": "LLC.1.4.010 Contributions", "p": "/us/nsn/lco/council/code/LLC.1.4.010", "et": "section", "sc": "Section LLC.1.4.010", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.4|LLC.1.4.010", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.4.010#(a)", "et": "para", "sc": "Section LLC.1.4.010(a)", "x": "An Owner's contributions to an LLC may consist of cash, property, or servic"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.4.010#(b)", "et": "para", "sc": "Section LLC.1.4.010(b)", "x": "The value of an Owner's contribution shall be determined in the manner prov"}]}, {"t": "LLC.1.4.020 Liability for Contribution", "p": "/us/nsn/lco/council/code/LLC.1.4.020", "et": "section", "sc": "Section LLC.1.4.020", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.4|LLC.1.4.020", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.4.020#(a)", "et": "para", "sc": "Section LLC.1.4.020(a)", "x": "An obligation of an Owner to provide cash or property or to perform service"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.4.020#(b)", "et": "para", "sc": "Section LLC.1.4.020(b)", "x": "Unless otherwise provided in the Operating Agreement, an Owner is obligated"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.4.020#(c)", "et": "para", "sc": "Section LLC.1.4.020(c)", "x": "Unless otherwise provided in the Operating Agreement, an Owner's obligation"}]}, {"t": "LLC.1.4.030 Allocation of Profits and Losses", "p": "/us/nsn/lco/council/code/LLC.1.4.030", "et": "section", "sc": "Section LLC.1.4.030", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.4|LLC.1.4.030"}]}, {"t": "Subchapter LLC.1.5 Non-Liquidating Distributions", "p": "/us/nsn/lco/council/code/LLC.1.5", "et": "container", "sc": "Subchapter LLC.1.5", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.5", "c": [{"t": "LLC.1.5.010 Interim Distributions", "p": "/us/nsn/lco/council/code/LLC.1.5.010", "et": "section", "sc": "Section LLC.1.5.010", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.5|LLC.1.5.010"}, {"t": "LLC.1.5.020 Allocation of Distributions", "p": "/us/nsn/lco/council/code/LLC.1.5.020", "et": "section", "sc": "Section LLC.1.5.020", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.5|LLC.1.5.020"}, {"t": "LLC.1.5.030 Distribution upon Partial Redemption", "p": "/us/nsn/lco/council/code/LLC.1.5.030", "et": "section", "sc": "Section LLC.1.5.030", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.5|LLC.1.5.030"}, {"t": "LLC.1.5.040 Distribution upon Dissociation", "p": "/us/nsn/lco/council/code/LLC.1.5.040", "et": "section", "sc": "Section LLC.1.5.040", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.5|LLC.1.5.040"}, {"t": "LLC.1.5.050 Distribution in Kind", "p": "/us/nsn/lco/council/code/LLC.1.5.050", "et": "section", "sc": "Section LLC.1.5.050", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.5|LLC.1.5.050", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.5.050#(a)", "et": "para", "sc": "Section LLC.1.5.050(a)", "x": "An Owner may not demand and receive any distribution from an LLC in any for"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.5.050#(b)", "et": "para", "sc": "Section LLC.1.5.050(b)", "x": "An Owner may not be compelled to accept a distribution of any asset in kind"}]}, {"t": "LLC.1.5.060 Right to Distribution. a", "p": "/us/nsn/lco/council/code/LLC.1.5.060", "et": "section", "sc": "Section LLC.1.5.060", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.5|LLC.1.5.060"}, {"t": "LLC.1.5.070 Limitations of Distributions", "p": "/us/nsn/lco/council/code/LLC.1.5.070", "et": "section", "sc": "Section LLC.1.5.070", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.5|LLC.1.5.070", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.5.070#(a)", "et": "para", "sc": "Section LLC.1.5.070(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.5.070#(a)(1)", "et": "para", "sc": "Section LLC.1.5.070(a)(1)", "x": "The LLC would be unable to pay its debts as they become due in the usual co"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.5.070#(a)(2)", "et": "para", "sc": "Section LLC.1.5.070(a)(2)", "x": "The fair market value of the LLC's total assets would be less than the sum "}], "x": "An LLC may not declare or make a distribution to any of its Owners, if afte"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.5.070#(b)", "et": "para", "sc": "Section LLC.1.5.070(b)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.5.070#(b)(1)", "et": "para", "sc": "Section LLC.1.5.070(b)(1)", "x": "Financial statements and other financial data prepared on the basis of acco"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.5.070#(b)(2)", "et": "para", "sc": "Section LLC.1.5.070(b)(2)", "x": "A fair market valuation or other method that is reasonable under the circum"}], "x": "An LLC may base a determination that a distribution is not prohibited by Se"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.5.070#(c)", "et": "para", "sc": "Section LLC.1.5.070(c)", "x": "An LLC's indebtedness to an Owner incurred by reason of a distribution made"}]}, {"t": "LLC.1.5.080 Liability for Wrongful Distribution", "p": "/us/nsn/lco/council/code/LLC.1.5.080", "et": "section", "sc": "Section LLC.1.5.080", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.5|LLC.1.5.080", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.5.080#(a)", "et": "para", "sc": "Section LLC.1.5.080(a)", "x": "Except as provided in Section LLC.1.5.080(b) below, an Owner (other than th"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.5.080#(b)", "et": "para", "sc": "Section LLC.1.5.080(b)", "x": "An action to recover under this section may be brought in the Tribal Court;"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.5.080#(c)", "et": "para", "sc": "Section LLC.1.5.080(c)", "x": "Nothing in this Code serves to waive any aspect of the Tribe's sovereign im"}]}]}, {"t": "Subchapter LLC.1.6 Ownership and Transfer of Property", "p": "/us/nsn/lco/council/code/LLC.1.6", "et": "container", "sc": "Subchapter LLC.1.6", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.6", "c": [{"t": "LLC.1.6.010 Ownership of LLC Property", "p": "/us/nsn/lco/council/code/LLC.1.6.010", "et": "section", "sc": "Section LLC.1.6.010", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.6|LLC.1.6.010", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.6.010#(a)", "et": "para", "sc": "Section LLC.1.6.010(a)", "x": "All property originally transferred to or acquired by an LLC is property of"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.6.010#(b)", "et": "para", "sc": "Section LLC.1.6.010(b)", "x": "Property acquired with LLC funds is presumed to be LLC property."}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.6.010#(c)", "et": "para", "sc": "Section LLC.1.6.010(c)", "x": "Property may be acquired, held, and conveyed in the name of the LLC."}]}, {"t": "LLC.1.6.020 Transfer of Property", "p": "/us/nsn/lco/council/code/LLC.1.6.020", "et": "section", "sc": "Section LLC.1.6.020", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.6|LLC.1.6.020"}, {"t": "LLC.1.6.030 Nature of Interest", "p": "/us/nsn/lco/council/code/LLC.1.6.030", "et": "section", "sc": "Section LLC.1.6.030", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.6|LLC.1.6.030"}, {"t": "LLC.1.6.040 Assignment of LLC Interest", "p": "/us/nsn/lco/council/code/LLC.1.6.040", "et": "section", "sc": "Section LLC.1.6.040", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.6|LLC.1.6.040", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.6.040#(a)", "et": "para", "sc": "Section LLC.1.6.040(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.6.040#(a)(1)", "et": "para", "sc": "Section LLC.1.6.040(a)(1)", "x": "An LLC interest is assignable in whole or in part."}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.6.040#(a)(2)", "et": "para", "sc": "Section LLC.1.6.040(a)(2)", "x": "An assignment of an LLC interest entitles the assignee to receive only the "}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.6.040#(a)(3)", "et": "para", "sc": "Section LLC.1.6.040(a)(3)", "x": "An assignment of an LLC interest does not dissolve the LLC."}, {"t": "(4)", "p": "/us/nsn/lco/council/code/LLC.1.6.040#(a)(4)", "et": "para", "sc": "Section LLC.1.6.040(a)(4)", "x": "Unless and until the assignee becomes an Owner of the LLC under Section LLC"}, {"t": "(5)", "p": "/us/nsn/lco/council/code/LLC.1.6.040#(a)(5)", "et": "para", "sc": "Section LLC.1.6.040(a)(5)", "x": "Unless and until the assignee of an LLC interest becomes an Owner of the LL"}, {"t": "(6)", "p": "/us/nsn/lco/council/code/LLC.1.6.040#(a)(6)", "et": "para", "sc": "Section LLC.1.6.040(a)(6)", "x": "The assignor of an LLC interest is not released from any personal liability"}], "x": "Unless otherwise provided in the Operating Agreement:"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.6.040#(b)", "et": "para", "sc": "Section LLC.1.6.040(b)", "x": "Unless otherwise provided in the Operating Agreement, the granting of a sec"}]}, {"t": "LLC.1.6.050 Rights of Judgment Creditor", "p": "/us/nsn/lco/council/code/LLC.1.6.050", "et": "section", "sc": "Section LLC.1.6.050", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.6|LLC.1.6.050"}, {"t": "LLC.1.6.060 Right of Assignee to Become an Owner", "p": "/us/nsn/lco/council/code/LLC.1.6.060", "et": "section", "sc": "Section LLC.1.6.060", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.6|LLC.1.6.060", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.6.060#(a)", "et": "para", "sc": "Section LLC.1.6.060(a)", "x": "Unless otherwise provided in the Operating Agreement, an assignee of an LLC"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.6.060#(b)", "et": "para", "sc": "Section LLC.1.6.060(b)", "x": "An assignee of an LLC interest who becomes an Owner has, to the extent assi"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.6.060#(c)", "et": "para", "sc": "Section LLC.1.6.060(c)", "x": "Unless otherwise provided in the Operating Agreement, an assignor of an LLC"}]}, {"t": "LLC.1.6.070 Powers of Legal Representative", "p": "/us/nsn/lco/council/code/LLC.1.6.070", "et": "section", "sc": "Section LLC.1.6.070", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.6|LLC.1.6.070"}]}, {"t": "Subchapter LLC.1.7 Dissolution", "p": "/us/nsn/lco/council/code/LLC.1.7", "et": "container", "sc": "Subchapter LLC.1.7", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.7", "c": [{"t": "LLC.1.7.010 Dissolution", "p": "/us/nsn/lco/council/code/LLC.1.7.010", "et": "section", "sc": "Section LLC.1.7.010", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.7|LLC.1.7.010", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.7.010#(a)", "et": "para", "sc": "Section LLC.1.7.010(a)", "x": "The occurrence of events specified in the Operating Agreement."}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.7.010#(b)", "et": "para", "sc": "Section LLC.1.7.010(b)", "x": "The written consent of all Owners."}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.7.010#(c)", "et": "para", "sc": "Section LLC.1.7.010(c)", "x": "An event of dissociation of an Owner, unless otherwise provided in the Oper"}, {"t": "(d)", "p": "/us/nsn/lco/council/code/LLC.1.7.010#(d)", "et": "para", "sc": "Section LLC.1.7.010(d)", "x": "Entry of a decree of judicial dissolution under Section LLC.1.7.020."}]}, {"t": "LLC.1.7.020 Judicial Dissolution", "p": "/us/nsn/lco/council/code/LLC.1.7.020", "et": "section", "sc": "Section LLC.1.7.020", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.7|LLC.1.7.020", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.7.020#(a)", "et": "para", "sc": "Section LLC.1.7.020(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.7.020#(a)(1)", "et": "para", "sc": "Section LLC.1.7.020(a)(1)", "x": "That it is not reasonably practicable to carry on the business of the LLC."}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.7.020#(a)(2)", "et": "para", "sc": "Section LLC.1.7.020(a)(2)", "x": "That the LLC is not acting in conformity with its Operating Agreement."}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.7.020#(a)(3)", "et": "para", "sc": "Section LLC.1.7.020(a)(3)", "x": "That one or more managers are acting or will act in a manner that is illega"}, {"t": "(4)", "p": "/us/nsn/lco/council/code/LLC.1.7.020#(a)(4)", "et": "para", "sc": "Section LLC.1.7.020(a)(4)", "x": "That one or more Owners in control of the LLC are acting or will act in a m"}, {"t": "(5)", "p": "/us/nsn/lco/council/code/LLC.1.7.020#(a)(5)", "et": "para", "sc": "Section LLC.1.7.020(a)(5)", "x": "That LLC assets are being misapplied or wasted."}], "x": "In a proceeding by or for an Owner, the Tribal Court or court of competent "}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.7.020#(b)", "et": "para", "sc": "Section LLC.1.7.020(b)", "x": "If the Tribe is an Owner of the LLC, any action under this section must be "}]}, {"t": "LLC.1.7.030 Winding up", "p": "/us/nsn/lco/council/code/LLC.1.7.030", "et": "section", "sc": "Section LLC.1.7.030", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.7|LLC.1.7.030", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(a)", "et": "para", "sc": "Section LLC.1.7.030(a)", "x": "A dissolved LLC continues its legal existence but may not carry on any busi"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(b)", "et": "para", "sc": "Section LLC.1.7.030(b)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(b)(1)", "et": "para", "sc": "Section LLC.1.7.030(b)(1)", "c": [{"t": "(A)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(b)(1)(A)", "et": "para", "sc": "Section LLC.1.7.030(b)(1)(A)", "x": "The Owners or managers who have authority to manage the LLC before dissolut"}, {"t": "(B)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(b)(1)(B)", "et": "para", "sc": "Section LLC.1.7.030(b)(1)(B)", "x": "In a judicial dissolution, the person(s) designated by the Tribal Court or "}], "x": "The business of the LLC may be wound up by any of the following:"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(b)(2)", "et": "para", "sc": "Section LLC.1.7.030(b)(2)", "c": [{"t": "(A)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(b)(2)(A)", "et": "para", "sc": "Section LLC.1.7.030(b)(2)(A)", "x": "Collect its assets."}, {"t": "(B)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(b)(2)(B)", "et": "para", "sc": "Section LLC.1.7.030(b)(2)(B)", "x": "Prosecute and defend suits."}, {"t": "(C)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(b)(2)(C)", "et": "para", "sc": "Section LLC.1.7.030(b)(2)(C)", "x": "Take any action necessary to settle and close the business of the LLC."}, {"t": "(D)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(b)(2)(D)", "et": "para", "sc": "Section LLC.1.7.030(b)(2)(D)", "x": "Dispose of and transfer the property of the LLC."}, {"t": "(E)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(b)(2)(E)", "et": "para", "sc": "Section LLC.1.7.030(b)(2)(E)", "x": "Discharge or make provision for discharging the liabilities of the LLC."}, {"t": "(F)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(b)(2)(F)", "et": "para", "sc": "Section LLC.1.7.030(b)(2)(F)", "x": "Distribute to the Owners any remaining assets of the LLC."}], "x": "The persons winding up the business of the LLC may do all of the following "}], "x": "Unless otherwise provided in its Operating Agreement:"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(c)", "et": "para", "sc": "Section LLC.1.7.030(c)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(c)(1)", "et": "para", "sc": "Section LLC.1.7.030(c)(1)", "x": "Transfer title to the LLC's property."}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(c)(2)", "et": "para", "sc": "Section LLC.1.7.030(c)(2)", "x": "Prevent transfer of all or part of an Owner's interest."}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(c)(3)", "et": "para", "sc": "Section LLC.1.7.030(c)(3)", "x": "Prevent commencement of a civil, criminal, administrative, or investigatory"}, {"t": "(4)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(c)(4)", "et": "para", "sc": "Section LLC.1.7.030(c)(4)", "x": "Abate or suspend a civil, criminal, administrative, or investigatory procee"}, {"t": "(5)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(c)(5)", "et": "para", "sc": "Section LLC.1.7.030(c)(5)", "x": "Terminate the authority of the registered agent of the LLC."}, {"t": "(6)", "p": "/us/nsn/lco/council/code/LLC.1.7.030#(c)(6)", "et": "para", "sc": "Section LLC.1.7.030(c)(6)", "x": "Alter the limited liability of an Owner."}], "x": "Dissolution of a LLC does not do any of the following:"}]}, {"t": "LLC.1.7.040 Distribution of Assets", "p": "/us/nsn/lco/council/code/LLC.1.7.040", "et": "section", "sc": "Section LLC.1.7.040", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.7|LLC.1.7.040", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.7.040#(a)", "et": "para", "sc": "Section LLC.1.7.040(a)", "x": "To creditors, including to the extent permitted by law, Owners, and former "}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.7.040#(b)", "et": "para", "sc": "Section LLC.1.7.040(b)", "x": "Unless otherwise provided in the Operating Agreement, to Owners and former "}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.7.040#(c)", "et": "para", "sc": "Section LLC.1.7.040(c)", "x": "Unless otherwise provided in the Operating Agreement, to Owners and former "}]}, {"t": "LLC.1.7.050 Articles of Dissolution", "p": "/us/nsn/lco/council/code/LLC.1.7.050", "et": "section", "sc": "Section LLC.1.7.050", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.7|LLC.1.7.050", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.7.050#(a)", "et": "para", "sc": "Section LLC.1.7.050(a)", "x": "The name of the LLC."}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.7.050#(b)", "et": "para", "sc": "Section LLC.1.7.050(b)", "x": "The date of filing of its Articles of Organization."}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.7.050#(c)", "et": "para", "sc": "Section LLC.1.7.050(c)", "x": "The statutory grounds under Section LLC.1.7.010 for dissolution."}, {"t": "(d)", "p": "/us/nsn/lco/council/code/LLC.1.7.050#(d)", "et": "para", "sc": "Section LLC.1.7.050(d)", "x": "The delayed effective date of the articles of dissolution under Section LLC"}]}, {"t": "LLC.1.7.060 Known Claims Against Dissolved LLC", "p": "/us/nsn/lco/council/code/LLC.1.7.060", "et": "section", "sc": "Section LLC.1.7.060", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.7|LLC.1.7.060", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.7.060#(a)", "et": "para", "sc": "Section LLC.1.7.060(a)", "x": "A dissolved LLC may notify its known claimants in writing of the dissolutio"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.7.060#(b)", "et": "para", "sc": "Section LLC.1.7.060(b)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.7.060#(b)(1)", "et": "para", "sc": "Section LLC.1.7.060(b)(1)", "x": "A claimant who was given written notice under Section LLC.1.7.060(a) above,"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.7.060#(b)(2)", "et": "para", "sc": "Section LLC.1.7.060(b)(2)", "x": "A claimant whose claim is rejected by the LLC does not commence a proceedin"}], "x": "A claim against the LLC is barred if:"}]}, {"t": "LLC.1.7.070 Unknown or Contingent Claims", "p": "/us/nsn/lco/council/code/LLC.1.7.070", "et": "section", "sc": "Section LLC.1.7.070", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.7|LLC.1.7.070", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.7.070#(a)", "et": "para", "sc": "Section LLC.1.7.070(a)", "x": "Against the dissolved LLC, to the extent of its undistributed assets."}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.7.070#(b)", "et": "para", "sc": "Section LLC.1.7.070(b)", "x": "If the dissolved LLC's assets have been distributed in liquidation, against"}]}]}, {"t": "Subchapter LLC.1.8 Merger", "p": "/us/nsn/lco/council/code/LLC.1.8", "et": "container", "sc": "Subchapter LLC.1.8", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.8", "c": [{"t": "LLC.1.8.010 Definitions", "p": "/us/nsn/lco/council/code/LLC.1.8.010", "et": "section", "sc": "Section LLC.1.8.010", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.8|LLC.1.8.010", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.8.010#(a)", "et": "para", "sc": "Section LLC.1.8.010(a)", "x": "\"Constituent Organization\" in this Part means an organization, including a "}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.8.010#(b)", "et": "para", "sc": "Section LLC.1.8.010(b)", "x": "Unless the context requires otherwise, in this Part \"corporation\" includes "}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.8.010#(c)", "et": "para", "sc": "Section LLC.1.8.010(c)", "x": "Unless the context requires otherwise, in this Part \"LLC\" includes a domest"}, {"t": "(d)", "p": "/us/nsn/lco/council/code/LLC.1.8.010#(d)", "et": "para", "sc": "Section LLC.1.8.010(d)", "x": "\"Organizational Documents\" includes articles of organization, operating agr"}]}, {"t": "LLC.1.8.020 Merger", "p": "/us/nsn/lco/council/code/LLC.1.8.020", "et": "section", "sc": "Section LLC.1.8.020", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.8|LLC.1.8.020", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.8.020#(a)", "et": "para", "sc": "Section LLC.1.8.020(a)", "x": "Unless otherwise provided in its Organizational Documents, one or more Cons"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.8.020#(b)", "et": "para", "sc": "Section LLC.1.8.020(b)", "x": "Interests or shares in a Constituent Organization that is a party to a merg"}]}, {"t": "LLC.1.8.030 Approval of Merger", "p": "/us/nsn/lco/council/code/LLC.1.8.030", "et": "section", "sc": "Section LLC.1.8.030", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.8|LLC.1.8.030", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.8.030#(a)", "et": "para", "sc": "Section LLC.1.8.030(a)", "x": "Unless otherwise provided in the Operating Agreement, a domestic LLC that i"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.8.030#(b)", "et": "para", "sc": "Section LLC.1.8.030(b)", "x": "Unless otherwise provided in the Operating Agreement, the manager or manage"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.8.030#(c)", "et": "para", "sc": "Section LLC.1.8.030(c)", "x": "All other Constituent Organizations shall approve the merger in the manner "}, {"t": "(d)", "p": "/us/nsn/lco/council/code/LLC.1.8.030#(d)", "et": "para", "sc": "Section LLC.1.8.030(d)", "x": "Each Constituent Organization shall have any rights to abandon the merger a"}, {"t": "(e)", "p": "/us/nsn/lco/council/code/LLC.1.8.030#(e)", "et": "para", "sc": "Section LLC.1.8.030(e)", "x": "Upon approval of a merger, the Constituent Organization shall notify its Ow"}]}, {"t": "LLC.1.8.040 Plan of Merger", "p": "/us/nsn/lco/council/code/LLC.1.8.040", "et": "section", "sc": "Section LLC.1.8.040", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.8|LLC.1.8.040"}, {"t": "LLC.1.8.050 Articles of Merger", "p": "/us/nsn/lco/council/code/LLC.1.8.050", "et": "section", "sc": "Section LLC.1.8.050", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.8|LLC.1.8.050", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.8.050#(a)", "et": "para", "sc": "Section LLC.1.8.050(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.8.050#(a)(1)", "et": "para", "sc": "Section LLC.1.8.050(a)(1)", "x": "The name and state or jurisdiction of organization for each Constituent Org"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.8.050#(a)(2)", "et": "para", "sc": "Section LLC.1.8.050(a)(2)", "x": "The plan of merger."}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.8.050#(a)(3)", "et": "para", "sc": "Section LLC.1.8.050(a)(3)", "x": "The name of the surviving or resulting LLC."}, {"t": "(4)", "p": "/us/nsn/lco/council/code/LLC.1.8.050#(a)(4)", "et": "para", "sc": "Section LLC.1.8.050(a)(4)", "x": "A statement as to whether the management of the surviving LLC will be reser"}, {"t": "(5)", "p": "/us/nsn/lco/council/code/LLC.1.8.050#(a)(5)", "et": "para", "sc": "Section LLC.1.8.050(a)(5)", "x": "The delayed effective date of the merger under Section LLC.1.1.110(d), if a"}, {"t": "(6)", "p": "/us/nsn/lco/council/code/LLC.1.8.050#(a)(6)", "et": "para", "sc": "Section LLC.1.8.050(a)(6)", "x": "A statement as to whether the surviving LLC is Tribally-Owned."}, {"t": "(7)", "p": "/us/nsn/lco/council/code/LLC.1.8.050#(a)(7)", "et": "para", "sc": "Section LLC.1.8.050(a)(7)", "x": "If Tribally-Owned, a statement as to whether the surviving LLC enjoys the T"}, {"t": "(8)", "p": "/us/nsn/lco/council/code/LLC.1.8.050#(a)(8)", "et": "para", "sc": "Section LLC.1.8.050(a)(8)", "x": "A statement that the plan of merger was approved in accordance with Section"}], "x": "The surviving LLC shall deliver to the Office of the Secretary-Treasurer ar"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.8.050#(b)", "et": "para", "sc": "Section LLC.1.8.050(b)", "x": "A merger takes effect upon the effective date of the articles of merger."}]}, {"t": "LLC.1.8.060 Effects of Merger", "p": "/us/nsn/lco/council/code/LLC.1.8.060", "et": "section", "sc": "Section LLC.1.8.060", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.8|LLC.1.8.060", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.8.060#(a)", "et": "para", "sc": "Section LLC.1.8.060(a)", "x": "The Constituent Organizations must become a single entity, which shall be t"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.8.060#(b)", "et": "para", "sc": "Section LLC.1.8.060(b)", "x": "Each Constituent Organization, except the surviving LLC, ceases to exist."}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.8.060#(c)", "et": "para", "sc": "Section LLC.1.8.060(c)", "x": "The surviving LLC possesses all of the rights, privileges, immunities, and "}, {"t": "(d)", "p": "/us/nsn/lco/council/code/LLC.1.8.060#(d)", "et": "para", "sc": "Section LLC.1.8.060(d)", "x": "All property and all debts, including contributions, and each interest belo"}, {"t": "(e)", "p": "/us/nsn/lco/council/code/LLC.1.8.060#(e)", "et": "para", "sc": "Section LLC.1.8.060(e)", "x": "Title to all real estate and any interest in real estate, vested in any Con"}, {"t": "(f)", "p": "/us/nsn/lco/council/code/LLC.1.8.060#(f)", "et": "para", "sc": "Section LLC.1.8.060(f)", "x": "The surviving LLC has all the liabilities and obligations of each of the Co"}, {"t": "(g)", "p": "/us/nsn/lco/council/code/LLC.1.8.060#(g)", "et": "para", "sc": "Section LLC.1.8.060(g)", "x": "The rights of creditors and any liens on the property of any Constituent Or"}, {"t": "(h)", "p": "/us/nsn/lco/council/code/LLC.1.8.060#(h)", "et": "para", "sc": "Section LLC.1.8.060(h)", "x": "The interests in a Constituent Organization that are to be converted or exc"}, {"t": "(i)", "p": "/us/nsn/lco/council/code/LLC.1.8.060#(i)", "et": "para", "sc": "Section LLC.1.8.060(i)", "x": "The Articles of Organization of the surviving LLC is amended to the extent "}]}, {"t": "LLC.1.8.070 Right to Object", "p": "/us/nsn/lco/council/code/LLC.1.8.070", "et": "section", "sc": "Section LLC.1.8.070", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.8|LLC.1.8.070"}]}, {"t": "Subchapter LLC.1.9 Limited Liability Companies Wholly-Owned by the Tribe", "p": "/us/nsn/lco/council/code/LLC.1.9", "et": "container", "sc": "Subchapter LLC.1.9", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9", "c": [{"t": "Part 1 General Provisions for Tribally-Owned LLC's", "p": "/us/nsn/lco/council/code/LLC.1.9/1", "et": "container", "sc": "Part 1", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|1", "c": [{"t": "LLC.1.9.010 Tribally-Owned Companies", "p": "/us/nsn/lco/council/code/LLC.1.9.010", "et": "section", "sc": "Section LLC.1.9.010", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|1|LLC.1.9.010"}, {"t": "LLC.1.9.020 Tribally-Owned Subsidiary Companies", "p": "/us/nsn/lco/council/code/LLC.1.9.020", "et": "section", "sc": "Section LLC.1.9.020", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|1|LLC.1.9.020"}, {"t": "LLC.1.9.030 Privileges and Immunities", "p": "/us/nsn/lco/council/code/LLC.1.9.030", "et": "section", "sc": "Section LLC.1.9.030", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|1|LLC.1.9.030"}, {"t": "LLC.1.9.040 Ownership", "p": "/us/nsn/lco/council/code/LLC.1.9.040", "et": "section", "sc": "Section LLC.1.9.040", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|1|LLC.1.9.040", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.9.040#(a)", "et": "para", "sc": "Section LLC.1.9.040(a)", "x": "No Ownership interest in any LLC in which the Tribe is an Owner may be alie"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.9.040#(b)", "et": "para", "sc": "Section LLC.1.9.040(b)", "x": "All interests in any Tribally-owned LLC shall be held by and for a Tribe, o"}]}, {"t": "LLC.1.9.050 Project Companies with Non-Tribal Owners", "p": "/us/nsn/lco/council/code/LLC.1.9.050", "et": "section", "sc": "Section LLC.1.9.050", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|1|LLC.1.9.050"}, {"t": "LLC.1.9.060 Purpose of Tribally-Owned LLC's", "p": "/us/nsn/lco/council/code/LLC.1.9.060", "et": "section", "sc": "Section LLC.1.9.060", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|1|LLC.1.9.060"}, {"t": "LLC.1.9.070 Waiver of Sovereign Immunity", "p": "/us/nsn/lco/council/code/LLC.1.9.070", "et": "section", "sc": "Section LLC.1.9.070", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|1|LLC.1.9.070", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.9.070#(a)", "et": "para", "sc": "Section LLC.1.9.070(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.9.070#(a)(1)", "et": "para", "sc": "Section LLC.1.9.070(a)(1)", "x": "any such waiver or consent to suit granted pursuant to the LLC's Operating "}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.9.070#(a)(2)", "et": "para", "sc": "Section LLC.1.9.070(a)(2)", "x": "any recovery against the LLC shall be limited to the assets of the LLC (or "}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.9.070#(a)(3)", "et": "para", "sc": "Section LLC.1.9.070(a)(3)", "x": "any waiver of the LLC's immunities granted pursuant to the LLC's Operating "}], "x": "The LLC may specifically grant limited waivers of its immunity from suit an"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.9.070#(b)", "et": "para", "sc": "Section LLC.1.9.070(b)", "x": "The sovereign immunity of the LLC shall not extend to actions against the L"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.9.070#(c)", "et": "para", "sc": "Section LLC.1.9.070(c)", "x": "The LLC must follow the method mandated by Section 922."}]}]}, {"t": "Part 2 Special Formation Requirements for Tribally-Owned LLC's", "p": "/us/nsn/lco/council/code/LLC.1.9/2", "et": "container", "sc": "Part 2", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|2", "c": [{"t": "LLC.1.9.080 Formation", "p": "/us/nsn/lco/council/code/LLC.1.9.080", "et": "section", "sc": "Section LLC.1.9.080", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|2|LLC.1.9.080", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.9.080#(a)", "et": "para", "sc": "Section LLC.1.9.080(a)", "x": "Tribally-owned LLC's. The Chairman of the Tribal Governing Board shall be t"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.9.080#(b)", "et": "para", "sc": "Section LLC.1.9.080(b)", "x": "Subsidiaries of Tribally-owned LLC's. A Board Member of the parent Tribally"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.9.080#(c)", "et": "para", "sc": "Section LLC.1.9.080(c)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.9.080#(c)(1)", "et": "para", "sc": "Section LLC.1.9.080(c)(1)", "x": "The existence of a Tribally-owned LLC begins when the Articles of Organizat"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.9.080#(c)(2)", "et": "para", "sc": "Section LLC.1.9.080(c)(2)", "x": "The existence of a subsidiary LLC owned by a Tribally-owned LLC or Tribal C"}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.9.080#(c)(3)", "et": "para", "sc": "Section LLC.1.9.080(c)(3)", "x": "The Articles of Organization of any Tribally-owned LLC or subsidiary thereo"}], "x": "Unless a delayed effective date is specified:"}]}, {"t": "LLC.1.9.090 Additional Requirements for the Articles of Organization", "p": "/us/nsn/lco/council/code/LLC.1.9.090", "et": "section", "sc": "Section LLC.1.9.090", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|2|LLC.1.9.090", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.9.090#(a)", "et": "para", "sc": "Section LLC.1.9.090(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.9.090#(a)(1)", "et": "para", "sc": "Section LLC.1.9.090(a)(1)", "x": "A resolution adopted by the Board of Directors of the Tribally-owned LLC fo"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.9.090#(a)(2)", "et": "para", "sc": "Section LLC.1.9.090(a)(2)", "x": "The language of the waiver must be explicit; and"}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.9.090#(a)(3)", "et": "para", "sc": "Section LLC.1.9.090(a)(3)", "x": "The waiver must be contained in a written contract or commercial document t"}], "x": "The sovereign immunity of a Tribally-owned LLC may be waived only by:"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.9.090#(b)", "et": "para", "sc": "Section LLC.1.9.090(b)", "x": "Waivers of sovereign immunity by resolution of the Tribal Council may be gr"}]}]}, {"t": "Part 3 Management of Tribally-Owned LLC's", "p": "/us/nsn/lco/council/code/LLC.1.9/3", "et": "container", "sc": "Part 3", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|3", "c": [{"t": "LLC.1.9.100 Management", "p": "/us/nsn/lco/council/code/LLC.1.9.100", "et": "section", "sc": "Section LLC.1.9.100", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|3|LLC.1.9.100", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.9.100#(a)", "et": "para", "sc": "Section LLC.1.9.100(a)", "x": "All Tribally-owned LLC's formed pursuant to Section LLC.1.9.010 of this Cod"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.9.100#(b)", "et": "para", "sc": "Section LLC.1.9.100(b)", "x": "All Tribally-owned subsidiary LLC's formed pursuant to Section LLC.1.9.020 "}]}, {"t": "LLC.1.9.110 Qualifications of Board Members", "p": "/us/nsn/lco/council/code/LLC.1.9.110", "et": "section", "sc": "Section LLC.1.9.110", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|3|LLC.1.9.110", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.9.110#(a)", "et": "para", "sc": "Section LLC.1.9.110(a)", "x": "Board Members of all Tribally-owned limited liability companies must be at "}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.9.110#(b)", "et": "para", "sc": "Section LLC.1.9.110(b)", "x": "At all times, the majority of the Board Members in all Tribally-owned LLC's"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.9.110#(c)", "et": "para", "sc": "Section LLC.1.9.110(c)", "x": "Board Members who are not members of the Tribe shall have substantial busin"}]}]}, {"t": "Part 4 Decisions and Voting for Tribally-Owned LLC's", "p": "/us/nsn/lco/council/code/LLC.1.9/4", "et": "container", "sc": "Part 4", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|4", "c": [{"t": "LLC.1.9.120 Voting", "p": "/us/nsn/lco/council/code/LLC.1.9.120", "et": "section", "sc": "Section LLC.1.9.120", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|4|LLC.1.9.120", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.9.120#(a)", "et": "para", "sc": "Section LLC.1.9.120(a)", "x": "The Ownership interests in all Tribally-owned LLC's shall be voted in the a"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.9.120#(b)", "et": "para", "sc": "Section LLC.1.9.120(b)", "x": "The Ownership interests in a Tribally-owned subsidiary LLC shall be voted a"}]}]}, {"t": "Part 5 Distributions for Tribally-Owned LLC's", "p": "/us/nsn/lco/council/code/LLC.1.9/5", "et": "container", "sc": "Part 5", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|5", "c": [{"t": "LLC.1.9.130 Distributions of Income", "p": "/us/nsn/lco/council/code/LLC.1.9.130", "et": "section", "sc": "Section LLC.1.9.130", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|5|LLC.1.9.130", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.9.130#(a)", "et": "para", "sc": "Section LLC.1.9.130(a)", "x": "Subject to the Tribe's ultimate ownership right to all income generated by "}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.9.130#(b)", "et": "para", "sc": "Section LLC.1.9.130(b)", "x": "Subject to the parent Tribally-owned LLC's or parent Tribal Corporation's u"}]}]}, {"t": "Part 6 Additional Reports and Audits", "p": "/us/nsn/lco/council/code/LLC.1.9/6", "et": "container", "sc": "Part 6", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|6", "c": [{"t": "LLC.1.9.140 Audit", "p": "/us/nsn/lco/council/code/LLC.1.9.140", "et": "section", "sc": "Section LLC.1.9.140", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|6|LLC.1.9.140"}, {"t": "LLC.1.9.150 Financial, Business, and Budget Information", "p": "/us/nsn/lco/council/code/LLC.1.9.150", "et": "section", "sc": "Section LLC.1.9.150", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|6|LLC.1.9.150", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.9.150#(a)", "et": "para", "sc": "Section LLC.1.9.150(a)", "x": "Copies of any periodic financial statements (including monthly or quarterly"}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.9.150#(b)", "et": "para", "sc": "Section LLC.1.9.150(b)", "x": "A full report of the business activities of the corporation within 120 days"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.9.150#(c)", "et": "para", "sc": "Section LLC.1.9.150(c)", "x": "A proposed annual budget for the following Tribal fiscal year, including an"}]}]}, {"t": "Part 7 Actions Against Tribally-Owned LLC's", "p": "/us/nsn/lco/council/code/LLC.1.9/7", "et": "container", "sc": "Part 7", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|7", "c": [{"t": "LLC.1.9.160 Court Actions by a Tribe Authorized", "p": "/us/nsn/lco/council/code/LLC.1.9.160", "et": "section", "sc": "Section LLC.1.9.160", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|7|LLC.1.9.160", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.9.160#(a)", "et": "para", "sc": "Section LLC.1.9.160(a)", "c": [{"t": "(1)", "p": "/us/nsn/lco/council/code/LLC.1.9.160#(a)(1)", "et": "para", "sc": "Section LLC.1.9.160(a)(1)", "x": "unlawful; or"}, {"t": "(2)", "p": "/us/nsn/lco/council/code/LLC.1.9.160#(a)(2)", "et": "para", "sc": "Section LLC.1.9.160(a)(2)", "x": "has or could cause material harm to the assets of the LLC or the Tribe if n"}, {"t": "(3)", "p": "/us/nsn/lco/council/code/LLC.1.9.160#(a)(3)", "et": "para", "sc": "Section LLC.1.9.160(a)(3)", "x": "require the distribution of the LLC's surplus net income, to the extent per"}], "x": "Enjoin temporarily, or permanently, any action of the LLC that is an ultra "}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.9.160#(b)", "et": "para", "sc": "Section LLC.1.9.160(b)", "x": "In accordance with Section LLC.1.9.030, the sovereign immunity of the LLC s"}, {"t": "(c)", "p": "/us/nsn/lco/council/code/LLC.1.9.160#(c)", "et": "para", "sc": "Section LLC.1.9.160(c)", "x": "Nothing contained herein shall be construed as authorizing actions of any k"}]}, {"t": "LLC.1.9.170 Tribal Approval Required", "p": "/us/nsn/lco/council/code/LLC.1.9.170", "et": "section", "sc": "Section LLC.1.9.170", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|7|LLC.1.9.170"}, {"t": "LLC.1.9.180 Relief Available", "p": "/us/nsn/lco/council/code/LLC.1.9.180", "et": "section", "sc": "Section LLC.1.9.180", "sp": "library|Lac Courte Oreilles Tribal Code of Law|LLC|LLC.1|LLC.1.9|7|LLC.1.9.180", "c": [{"t": "(a)", "p": "/us/nsn/lco/council/code/LLC.1.9.180#(a)", "et": "para", "sc": "Section LLC.1.9.180(a)", "x": "Issue a temporary restraining order, preliminary injunction, and permanent "}, {"t": "(b)", "p": "/us/nsn/lco/council/code/LLC.1.9.180#(b)", "et": "para", "sc": "Section LLC.1.9.180(b)", "x": "Order that funds of the LLC be distributed to a Tribe to the extent permitt"}]}]}]}]}]}