16.01.300 Procedure for and Effect of Administrative Dissolution

(a) Upon determining that one or more grounds exist under Section 16.01.290 for dissolving a corporation, the Tribal Secretary shall serve the corporation with written notice of that determination under Section 16.01.290, and in the case of a public benefit corporation shall notify the General Counsel in writing.

(b) If the corporation does not correct each ground for dissolution or demonstrate to the reasonable satisfaction of the Tribal Secretary that each ground determined by the Tribal Secretary does not exist within at least sixty (60) days after service of the notice on the Entity, the Tribal Secretary may administratively dissolve the corporation by signing a certificate of dissolution that recites the ground or grounds for dissolution and its effective date. The Tribal Secretary shall file the original of the certificate and serve a copy on the Entity, and in the case of a public benefit corporation shall notify the General Counsel in writing.

(c) A corporation administratively dissolved continues its corporate existence but may not carry on any activities except those necessary to wind up and liquidate its affairs under Section 16.01.330 and notify its claimants under Section 16.01.340 and Section 16.01.350.

(d) The administrative dissolution of a corporation does not terminate the authority of its registered agent.