06.15.020 Voting on Dissolution by Directors and Members.
(1) Unless this Chapter, the articles, bylaws or the board of directors or members acting pursuant to section (B) require a greater vote, dissolution is authorized to be recommended to the Tribal Council if it is approved:
(A) By the board;
(B) By the members, if any, by two-thirds of the votes cast or a majority of the members, whichever is less; and
(C) In writing by any person or persons whose approval is required by a provision of the articles of incorporation for an amendment to the articles or bylaws.
(2) The board may condition its submission of the proposed dissolution on receipt of a higher percentage of affirmative votes or on any other basis.
(3) If the board seeks to have dissolution approved by the members at a membership meeting, the non-profit corporation shall give notice to its members of the proposed membership meeting. The notice must also state that a purpose of the meeting is to consider dissolving the non-profit corporation and must contain or be accompanied by a copy or summary of the plan of dissolution.
(3) If the board seeks to have dissolution approved by the members by written consent or written ballot, the material soliciting the approval shall contain or be accompanied by a copy or summary of the plan of dissolution.
(4) The plan of dissolution shall indicate to whom the assets owned or held by the non-profit corporation will be distributed after all creditors have been paid.