06.07.100 Share Transfer Restrictions.
(1) Except as otherwise provided in the articles of incorporation or this Title, no interest in shares of a corporation formed under this Title may be transferred, by operation of law or otherwise, whether voluntary or involuntary.
(2) Subsection (1) above shall not apply to a transfer:
(A) To the corporation or to any other holder of the same class of shares;
(B) To members of the holder’s immediate family, or to a trust, all of whose beneficiaries are members of the holder’s immediate family. A holder’s immediate family shall include only his spouse, parents, lineal descendants (including any adopted children and stepchildren) and spouse of any lineal descendants, and brothers and sisters;
(C) Which has been consented to in writing by all of the holders of the corporation’s common shares having voting rights;
(D) To an executor or administrator upon the death of a shareholder or to a trustee or receiver as the result of a bankruptcy, insolvency, dissolution, or similar proceeding brought by or against a shareholder;
(E) By merger, consolidation or a share exchange of existing shares for other shares of a different class or series in the corporation;
(F) By a pledge as collateral for a loan that does not grant the pledgee any voting rights possessed by the pledger.
(A) The Tribe retains the right of restrictions and benefits of the transfer of shares from which they own.