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Article IV. Dissolution
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A corporation created under this chapter may be dissolved in the following ways:

A. Automatically by expiration of a period of duration to which the corporation is limited by its articles of incorporation.

B. By majority vote of the corporation’s incorporators or directors if the corporation has not commenced business; has not issued any shares; and has no debts or other liabilities.

C. By action of the shareholders at a meeting called by the board of directors upon the recommendation of the board.

D. By the Tribal Council if the Council finds that the articles and certificate of incorporation were procured by fraud; or that the corporation was incorporated for a purpose not permitted under this chapter; or the corporation failed to comply with the requirements under this chapter to incorporate; or the corporation has flagrantly violated a provision of this chapter; or the corporation has acted, or failed to act, in a manner that constitutes surrender or abandonment of the corporate franchise, privileges or enterprise. [Ord. 18-23 Art. IV § 9.08.10, approved 6/12/23.]