(a) A public benefit corporation must give the Clerk of the Tribal Council, or his/her designee, written notice that it intends to dissolve. Said notice must be delivered 10 days before the date it delivers articles of dissolution to the Clerk, or his/her designee. The notice shall include a copy or summary of the plan of dissolution.
(b) Under no circumstances can the corporation transfer assets until 20 days after the date it has either complied with subsection (a) of this section, or the Clerk of the Tribal Council or his/her designee has consented thereto in writing, or otherwise has indicated, in writing, that it will take no action with respect to the transfer, whichever is earlier.
(c) Prior to the expiration of the 20-day period described in subsection (b) of this section, the Clerk of the Tribal Council, or his/her designee, may bring an action in Tribal Court to enjoin the planned distribution of assets. Any injunction issued by the Tribal Court will be binding on the corporation.
(d) When all, or substantially all, of the assets of a public benefit corporation have been transferred or conveyed following approval of dissolution, the board of directors shall deliver to the Clerk of the Tribal Council, or his/her designee, a list of those to whom the assets were transferred or conveyed. The list must contain the addresses of each person, other than creditors, who received assets; and describe with specificity what assets each received. [Ord. 18 Part VI § 20, adopted, 10/7/2008.]