Council of the Cherokee Nation - File #: 10-038

• File #: 10-038
• Version: 3
• Name: Cherokee Corporation Advisory Board Act of 2010
• Type: Legislative Act
• Status: Passed
• File created: 3/25/2010
• In control: TRIBAL COUNCIL
• On agenda: 5/10/2010
• Final action: 5/9/2010
• Enactment date: 5/9/2010
• Enactment #: LA-15-10
• Title: AN ACT AMENDING LEGISLATIVE ACT 35-02 THE CHEROKEE NATION GENERAL CORPORATION ACT CREATING AN ADVISORY BOARD OF DIRECTORS AND SETTING TERM LIMITS ON DIRECTORS ON CORPORATIONS IN WHICH THE CHEROKEE NATION IS A MAJORITY SHAREHOLDER
• Indexes: Advisory Board Members, Corporation Code, General Corporation Act
• Code sections: Title 18 - Corporations
• Related files: LA-01-85, LA-15-96, LA-16-96, LA-35-02, 10-062, 12-052, 10-063

Date	Ver.	Action By	Action	Result
5/14/2010	3	OFFICE OF THE CHIEF	Signed
5/10/2010	1	TRIBAL COUNCIL	Approved	Pass
4/29/2010	1	RULES COMMITTEE	Amended	Pass
4/29/2010	1	RULES COMMITTEE	Approved and Forwarded to Council	Pass

Title
AN ACT AMENDING LEGISLATIVE ACT 35-02 THE CHEROKEE NATION GENERAL CORPORATION ACT CREATING AN ADVISORY BOARD OF DIRECTORS AND SETTING TERM LIMITS ON DIRECTORS ON CORPORATIONS IN WHICH THE CHEROKEE NATION IS A MAJORITY SHAREHOLDER
Body
BE IT ENACTED BY THE CHEROKEE NATION:

Section 1. Title and Codification

This Act shall be known as the Cherokee Corporation Advisory Board Act and shall be codified in Title 18 of the Cherokee Code Annotated.

Section 2. Purpose

The purpose of this Act is to amend Legislative Act 16-96 to provide an advisory board of tribal council members to all corporation Board of Directors in which the Cherokee Nation is a majority stockholder and provide term limits for the Board of Directors.

Section 3. Legislative History

A. Cherokee Nation General Corporation Act Legislative Act 1-85 as
amended in LA 16-96, LA 15-96.
B. Article V § 7 of the Cherokee Nation Constitution.

Section 4. Substantive Provisions.

A. Add new Section "I" to Article 5 Section 27 of the Cherokee Nation
General Corporation Act, which shall state, "There shall be an advisory board of directors to all corporations in which the Cherokee Nation is a majority shareholder. This advisory board shall consist of three five (3 5) members of the Cherokee Nation Tribal Council. The Tribal Council shall appoint these members in accordance with their rules and procedures. The advisory board shall have full access to all information and meetings of the Board of Directors and have all privileges of the Board of Directors except exercise of voting privileges or otherwise acting upon a matter. The attendance of a Board of Directors meeting by Tribal Council members who do not serve on the advisory board, for the purpose of observing such meetings rather than for the purpose of discussing or acting upon a matter, shall not be construed as a “meeting” of the Tribal Council under the Freedom of Information and Privacy Rights Act of 2001 (75 CNCA § 1-17), regardless of the numb...