Council of the Cherokee Nation - File #: 22-033

• File #: 22-033
• Version: 1
• Name: JOBS GROWTH ACT AMENDMENT OF 2022
• Type: Legislative Act
• Status: Passed
• File created: 4/12/2022
• In control: TRIBAL COUNCIL
• On agenda: 4/28/2022
• Final action: 5/23/2022
• Enactment date: 5/16/2022
• Enactment #: LA-15-22
• Title: AN ACT AMENDING TITLE 18 OF THE CHEROKEE NATION CODE ANNOTATED
• Sponsors: Mike Shambaugh, Victoria Vazquez, Dora Patzkowski, Joe Deere, Keith Austin, Danny Callison, Julia Coates, Shawn Crittenden, Mike Dobbins, Rex Jordan, Johnny Kidwell , Daryl Legg, Wes Nofire, Joshua Sam, Melvina Shotpouch, E. O. "JR." Smith, Candessa Tehee
• Indexes: Boards and Commissions, Cherokee Nation Businesses, Jobs Growth Act , Staggered Terms
• Code sections: Title 18 - Corporations
• Related files: 12-056, 23-067

Date	Ver.	Action By	Action	Result
5/23/2022	1	OFFICE OF THE CHIEF	Signed
5/16/2022	1	TRIBAL COUNCIL	Approved	Pass
4/28/2022	1	RULES COMMITTEE	Approved and Forwarded to Council	Pass

Title
AN ACT AMENDING TITLE 18 OF THE CHEROKEE NATION CODE ANNOTATED
Body
BE IT ENACTED BY THE CHEROKEE NATION:

Section 1. Title and Codification

This act shall be known as the "Jobs Growth Amendment Act of 2022" and shall be codified at Title 18, Section 404 of the Cherokee Nation Code Annotated (CNCA).

Section 2. Purpose

The purpose of this amendment is to establish a system of staggered terms for the Cherokee Nation Businesses ("CNB") Board of Directors.

Section 3. Legislative History

LA-16-96
LA-4-04
LA-32-04
LA-37-05
LA-11-10
LA-27-11
LA-23-12

Section 4. Substantive Provisions

? 404. Ownership of certain Cherokee Nation business entities
A. Jobs growth.

1. Assignment of ownership. The Principal Chief, or designee, shall be authorized to execute the necessary documents to transfer ownership of Cherokee Nation Enterprises, Inc. (CNE), Cherokee Nation Industries, Inc. (CNI), Cherokee Nation Distributors (CND), and any subsidiaries of the listed entities to Cherokee Nation Businesses, Inc. (CNB), a corporation wholly-owned by Cherokee Nation, as the parent company of the listed entities.

2. Parent company ownership. The Nation shall be the sole owner of the parent company for all purposes, including all assets and goodwill, and no interest in CNB shall be held at any time by any other party. For the purposes of this act, any business corporation, or entity wholly-owned by Cherokee Nation, or in which Cherokee Nation owns a majority interest, the entity which shall represent the shareholder and vote any and all shares of stock or interest shall be the Principal Chief and the Cherokee Nation Council. It will take two-thirds (2/3) majority of the Council to take any action pursuant to this section. The Council and the Principal Chief shall adopt procedures to effectuate the provisions of this section.

3. CNB purpose. The purpose of CNB shall be to:

i. engage in all lawful activities, and to facilitate and promote the Nati...