16.02.010 Articles of Incorporation; Filing and Contents

In order to form a Corporation, one or more authorized persons must prepare and execute Articles, which shall be filed in the office of the Tribal Secretary. In addition to the items required by Section 16.01.090, all Articles for a Corporation shall also include the following information:

(a) The aggregate number of shares which the corporation has authority to issue.

(b) If a corporation is authorized pursuant to its articles of incorporation to create and issue shares of stock, the articles of incorporation shall also set forth the following:

(1) If the shares are, or are to be, divided into classes, or into classes and series, the designation of each class and series, the number of shares in each class and series, and a statement of the relative rights, preferences and limitations of the shares of each class and series, to the extent that the designations, numbers, relative rights, preferences, and limitations have been determined.

(2) If any class of shares is to be divided into series, a statement of any authority vested in the board to divide the class of shares into series, and to determine or change for any series its designation, number of shares, relative rights, preferences and limitations.