15-4-111. DISPOSITION OF ASSETS.

Upon dissolution of a tribal entity its asset shall be distributed at the directors of the Tribal Council, or its designee, as follows:

1. Any property held upon express condition requiring its return, transfer or other disposition shall be distributed accordingly;
2. Any property or assets required to be distributed or transferred in any manner according to federal law shall be distributed or transferred accordingly;
3. Claims of creditors of the tribal enterprise approved by the Tribal Council shall be paid accordingly; and
4. Remaining assets shall be transferred to another tribal entity, to the Tribe, or distributed or transferred as the Tribal Council otherwise directs.