Title
AN ACT REPEALING LA#15-96 AND AMENDING LA#32-04, "THE CHEROKEE NATION LIMITED LIABILITY COMPANY ACT"; AMENDING CONVERSION OF FOREIGN CORPORATIONS
Body
BE IT ENACTED BY THE CHEROKEE NATION:
Section 1. Title and Codification
This act shall be known as the "The Foreign Company Conversion Act of 2013”.
Section 2. Purpose
The purpose of this act is to repeal LA#15-96, which was not repealed when LA#32-04 was enacted and therefore two LLC Acts exist, and to amend LA#32-04, the Cherokee Nation Limited Liability Company Act, specifically §802, to allow foreign companies to convert to Cherokee Nation companies.
Section 3. Legislative History
Legislative Act #15-96 and #32-04, as amended by LA#11-10 and #23-12.
Section 4. Repealed
From here forward, Legislative Act #15-96 shall be repealed by Legislative Act #32-04 and only one Limited Liability Company Act shall exist.
Section 5. Amendments
Section 802 of LA-32-04 shall be amended as follows:
802. CONVERSION OF CERTAIN ENTITIES TO A LIMITED LIABILITY COMPANY
(a) As used in this section, the term "business other entity" means a domestic corporation, statutory trust, business trust, real estate investment trust, common law trust, other unincorporated business or entity (including a partnership, whether general or limited), or foreign limited liability company.
(b) Any business other entity may convert to a domestic limited liability company by complying with subsection (h) of this section and filing with the Office of the Principal Chief in accordance with Section 106 of this chapter articles of conversion to a limited liability company that have been executed in accordance with Section 205 of this chapter, to which shall be attached articles of organization that comply with Sections 203 and 106 of this chapter and have been executed by one or more authorized persons in accordance with Section 205 of this chapter.
(c) The articles of conversion to a limited liability company shall state:
(1) T...
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