Section 37-22 Violation of Charter 37-22.01 Violation of Charter. After the date of enactment of this section, director’s or employees of corporations chartered under this Chapter found, at a fair and open hearing on the record called for the purpose of finding facts, by the board of directors or the Spokane Tribal Council, to have willfully violated any provision of this Chapter or their corporate charter shall be terminated from corporate employment. Legislative History–Enacted 1/24/04, Resolu. 2004-123; Readopted 8/01/06, Resolu. 2006-524. Section 37-23 Term of Directors 37-23.01 Term of Directors. After the date of enactment of this section no director of a corporation chartered under this Chapter shall be appointed by the Spokane Tribal Council to any 1 term longer that 2 years. Legislative History–Enacted 1/24/04, Resolu. 2004-123; Readopted 8/01/06, Resolu. 2006-524. Section 37-24 Duty of Loyalty 37-24.01 Duty of Loyalty. Directors and officers of corporations chartered under this Chapter when exercising their powers and duties under the corporate charter shall owe a standard duty of loyalty to both the corporation by which they are employed and to the Spokane Tribe of Indians and its members. Legislative History–Enacted 1/24/04, Resolu. 2004-123; Readopted 8/01/06, Resolu. 2006-524. Section 37-25 Real Estate Purchase 37-25.01 Real Estate Purchase. (a) Corporations chartered under this Chapter shall obtain approval from the Spokane Tribal Council for all real estate purchases. (b) Real estate purchased by a corporation chartered under this Chapter shall be placed in the ownership of the United States in trust for the Spokane Tribe of Indians as soon as the legal status of the real estate makes them eligible under federal law to be taken into trust. Legislative History–Enacted 1/24/04, Resolu. 2004-123; Readopted 8/01/06, Resolu. 2006-524. Section 37-26 Conflict of Interest 37-26.01 Conflict of Interest. Directors and officers of all corporations chartered under this Chapter shall excuse themselves from voting or participation in any board discussion concerning an issue wherein the director or officer, or the immediate family of such director or officer, has a business or personal interest or conflict of interest. Legislative History–Enacted 1/24/04, Resolu. 2004-123; Readopted 8/01/06, Resolu. 2006-524. Section 37-27 Arbitration Agreements 37-27.01 Arbitration Agreements. Notwithstanding the immunity from suit conveyed upon corporations created pursuant to this Chapter, any arbitration agreement approved by a corporation created under this Chapter and any arbitration award made under such arbitration agreement shall be enforceable against such corporation exclusively in the Spokane Tribal Court. Legislative History–Enacted 1/24/04, Resolu. 2004-123; Readopted 8/01/06, Resolu. 2006-524. 356 Revised Spokane Law & Order Code, 5/14/2013

Select target paragraph3