16.01.220 Corporate Powers

An Entity, subject to any limitation provided in this title, in any other provision of tribal law, or in its articles of incorporation, shall have power in furtherance of its corporate purposes to do all of the following:

(a) Have perpetual duration.

(b) To have a corporate seal, which may be altered at will, and to use it, or a facsimile of it, by impressing or affixing it or in any other manner reproducing it.

(c) To make and amend bylaws not inconsistent with its articles of incorporation or with the laws of the Tribe, for regulating and managing the affairs of the Entity.

(d) To purchase, receive, lease, or otherwise acquire, and own, hold, improve, use, and otherwise deal with, personal property, or any legal or equitable interest in such property, wherever located.

(e) To sell, convey, mortgage, pledge, lease, exchange, and otherwise dispose of all or any part of its personal property.

(f) To purchase, receive, subscribe for, or otherwise acquire, own, hold, vote, use, sell, mortgage, lend, pledge, or otherwise dispose of, and deal in and with, shares or other interests in, or obligations of any entity.

(g) To make contracts and guaranties, incur liabilities, borrow money, issue notes, bonds, and other obligations, and secure any of its obligations by mortgage or pledge of any of its property, franchises, or income.

(h) To lend money, invest and reinvest its funds, and receive and hold personal property as security for repayment.

(i) To be a promoter, partner, member, associate or manager of any partnership, joint venture, trust or other entity.

(j) To conduct its activities, locate offices, and exercise the powers granted by this title within or without the Territory.

(k) To elect or appoint directors, officers, employees, and agents of the corporation, define their duties, and fix their compensation.

(l) To make donations not inconsistent with law for the public welfare or for charitable, religious, scientific, or educational purposes and for other purposes that further the corporate interest.

(m) To carry on a business.

(n) To do all things necessary or convenient, not inconsistent with law, to further the activities and affairs of the corporation.

(o) Cease its corporate activities and dissolve.

(p) Except for those Corporations wholly owned by the Tribe, sue and be sued, complain and defend its corporate name.

(q) Have and exercise all powers necessary or convenient to effect any purpose for which the corporation is formed.

(r) To do all things necessary or convenient, not inconsistent with law, to further the activities and affairs of the corporation.

(s) Any Consent to suit by a corporation shall in no way extend to the Tribe, nor shall a consent to suit by a corporation in any way be deemed a waiver of any of the rights, privileges and immunities of the Tribe.

A privately owned Corporation formed under this title may not hold, lease or otherwise possess any real property within the Tribe's Territory unless such lease or possession is otherwise consistent with Tribal law.

A Corporation that is wholly owned by the Tribe or a subsidiary thereof may hold, lease or otherwise possess real property within the Tribe's Territory.