A. The consent of the Tribal Council shall be required prior to the incorporation under this chapter of any corporation to be wholly owned by the Wiyot Tribe. For this purpose, the incorporator shall file with the Tribal Administrator, when the incorporator files the articles of incorporation of a corporation to be wholly owned by the Tribe, a certified copy of a resolution of the Tribal Council authorizing the formation of the corporation.

B. The consent of the board of directors of the corporation wholly owned by the Tribe shall be required prior to the incorporation under this chapter of a subsidiary corporation to be wholly owned by a parent corporation that is wholly owned by the Tribe. For this purpose, the incorporator shall file with the Tribal Administrator, when the incorporator files the article of incorporation of a subsidiary corporation to be wholly owned by a parent corporation that is wholly owned by the Tribe, a certified copy of a resolution of the board of the parent corporation authorizing the formation of the subsidiary corporation.

C. The articles of incorporation for a corporation owned wholly by the Wiyot Tribe shall expressly state that the corporation is subject to the provisions of this article, and the Tribal Administrator, when accepting the articles for filing, shall note that the corporation shall be governed by the provisions of this chapter applicable to wholly owned tribal corporations. [Ord. 18-23 Art. VI § 9.10.20, approved 6/12/23.]