Council of the Cherokee Nation - File #: 11-132

• File #: 11-132
• Version: 2
• Name: OWNERSHIP FOR THE PEOPLE ACT OF 2011
• Type: Legislative Act
• Status: Passed
• File created: 11/2/2011
• In control: TRIBAL COUNCIL
• On agenda: 12/12/2011
• Final action: 12/12/2011
• Enactment date: 12/12/2011
• Enactment #: LA-27-11
• Title: AN ACT AMENDING LEGISLATIVE ACT 16-96, PROVIDING THAT THE CHEROKEE NATION TRIBAL COUNCIL AND PRINCIPAL CHIEF SHALL BE THE ENTITY THAT REPRESENTS THE OWNERSHIP INTEREST OF CORPORATIONS OR ENTITIES OWNED BY THE CHEROKEE NATION
• Sponsors: David Thornton, Sr. , Jodie Fishinghawk, Cara Cowan Watts, Dick Lay, Lee Keener Jr., Don Garvin, Buel Anglen, Janelle Fullbright, Meredith Frailey, Frankie Hargis
• Indexes: corporations, entities
• Code sections: Title 18 - Corporations
• Related files: LA-37-05, LA-16-96

Date	Ver.	Action By	Action	Result
12/19/2011	2	OFFICE OF THE CHIEF	Signed
12/12/2011	1	TRIBAL COUNCIL	Approved	Pass
11/15/2011	1	RULES COMMITTEE	Approved and Forwarded to Council	Pass

Title
AN ACT AMENDING LEGISLATIVE ACT 16-96, PROVIDING THAT THE CHEROKEE NATION TRIBAL COUNCIL AND PRINCIPAL CHIEF SHALL BE THE ENTITY THAT REPRESENTS THE OWNERSHIP INTEREST OF CORPORATIONS OR ENTITIES OWNED BY THE CHEROKEE NATION
Body
BE IT ENACTED BY THE CHEROKEE NATION:

BE IT ENACTED BY THE CHEROKEE NATION:

Section 1. Title and Codification:

This Legislative Act shall be titled as the “Ownership for the People Act of 2011” and codified under Title 18 Section 57 of the Cherokee Nation Code Annotated (“CNCA”).

Section 2. Purpose:

The purpose for this enactment is to designate the Principal Chief and the Cherokee Nation Tribal Council as the entities that shall represent the Cherokee Nation’s ownership interest of businesses or corporations owned wholly or majority held by the Cherokee Nation.

Section 3. Legislative History:

Legislative Act 16-96

Legislative Act 37-05

Article VI Section 7 of the Cherokee Nation Constitution states:

“The Council shall have the power to establish laws which it shall
deem necessary and proper for the good of the Nation, which shall
not be contrary to the provisions of this Constitution. The style of
all bills shall be: “Be It Enacted By The Cherokee Nation”. The
style of all resolutions shall be “Be It Resolved By The Cherokee
Nation”.





Article VII Section 9 of the Cherokee Nation Constitution states:

“The Principal Chief shall cause the laws of the Cherokee Nation
to be faithfully executed, and shall conduct in person and in such
manner as shall be prescribed by law, all communications and
business of the Cherokee Nation. The Principal Chief may cause
to be formed and operated, trusts, the beneficiary of which shall be
the Cherokee Nation and these trusts shall be granted such powers
as provided by law for public trusts. Authorization for these trusts,
however, must be approved by a majority vote of the Council.”

Article X Section 7 of the Cherokee Nation Constitution states:

“The credit of the ...