Section 36-48 Decree of Involuntary Dissolution
36-48.01 Decree of Involuntary Dissolution. In proceedings to liquidate the assets and affairs of a
corporation, when the costs and expenses of such proceedings and all debts, obligations, and liabilities of
the corporation shall have been paid and discharged and all of its remaining property and assets are not
sufficient to satisfy and discharge such costs, expenses, debts, and obligations, and all the property and
assets have been applied so far as they will go to their payment, the Court shall enter a decree dissolving
the corporation, whereupon the existence of the corporation shall cease.
Legislative History-Enacted 10/14/04, Resolu. 2005-04; Readopted 8/01/06, Resolu. 2006-524.
Section 36-49 Filing of Decree of Dissolution
36-49.01 Filing of Decree of Dissolution.
(a) In case the Court shall enter a decree dissolving a corporation, it shall be the duty of the Clerk
of Court to cause a certified copy of the decree to be delivered to the Tribal Department of
Commerce, who shall file the same.
(b) No fee shall be charged by the Tribal Department of Commerce for the filing thereof.
Legislative History-Enacted 10/14/04, Resolu. 2005-04; Readopted 8/01/06, Resolu. 2006-524.
Section 36-50 Deposits with Department of Commerce
36-50.01 Deposits with Department of Commerce. Upon the voluntary or involuntary dissolution of a
corporation, the portion of the assets distributable to any persons who are unknown or cannot be found, or
who are under disability and there is no person legally competent to receive such distributive portion, shall
be reduced to cash and be deposited with the Tribal Department of Commerce and shall be paid over to
such person or to his legal representative upon proof satisfactory to the Court of his rights thereto.
Legislative History-Enacted 10/14/04, Resolu. 2005-04; Readopted 8/01/06, Resolu. 2006-524.
Section 36-51 Annual Report of Domestic and Foreign Corporations
36-51.01 Annual Report of Domestic and Foreign Corporations.
(a) Each domestic corporation shall prepare an annual report setting forth:
(1) The name of the corporation;
(2) The address of its registered office and the name of its registered agent;
(3) A brief statement of the character of the affairs which the corporation is actually
conducting; and
(4) The names and respective addresses, including street and number, if any, of the
directors and officers of the corporation.
(b) Such annual report shall be made on forms prescribed and furnished by the Tribal Department
of Commerce and the information therein contained shall be given as of the date of the
execution of the report.
(1) It shall be executed by the corporation; by its president, a vice-president, secretary, or
assistant secretary, treasurer, or assistant treasurer, or if the corporation is in the hands
of a receiver or receivers, or trustee, it shall be executed by such receiver, receivers, or
trustee.
Legislative History-Enacted 10/14/04, Resolu. 2005-04; Readopted 8/01/06, Resolu. 2006-524.
Section 36-52 Filing of Annual Report of Corporation
36-52.01 Filing of Annual Report of Corporation.
(a) Such annual report of a corporation shall be delivered to the Tribal Department of Commerce. If
the Tribal Department of Commerce, between the first day of January and the first day of March
of each year, find that such report conforms to law, he shall file the same.
(b) If it finds that it does not so conform, it shall promptly return the same to the corporation for
any necessary correction, in which event the penalties hereinafter prescribed for failure to file
such report within the time hereinafter provided shall not apply, if such report is corrected to
conform to the requirements of this Chapter and returned to the Tribal Department of
Commerce in sufficient time to be filed prior to the first day of July of the year in which it is due.
Legislative History-Enacted 10/14/04, Resolu. 2005-04; Readopted 8/01/06, Resolu. 2006-524.
349
Revised Spokane Law & Order Code, 5/14/2013