16.01.260 Dissolution

(a) An Entity may be dissolved in any of the following ways:

(1) Automatically by expiration of a period of duration to which the Entity is limited by its articles of incorporation.

(2) By action of the incorporators or directors prior to the appointment of the Board of Directors.

(3) By action of the board and the shareholders consistent with the provisions of the Entity's articles or bylaws.

(4) By a judgment of the Tribal Court in an action brought under this title or otherwise.

(5) By action of the Tribal Council brought under Section 16.01.290 of this title.

(6) Administratively for failure to file an annual report or pay the filing fee.

(b) An Entity whose assets have been wholly disposed of under court order in receivership or bankruptcy proceedings may be summarily dissolved by order of the court having jurisdiction of the proceedings. A copy of the order shall be filed by the Clerk of the Tribal Court with the Tribal Secretary and Registered Agent.