15-1-103. PURPOSE AND CONSTRUCTION.

1. The purpose of this Title are:
   1. To encourage commerce by providing limitations on the liability of participants in incorporated enterprises;
   2. To reform the laws of business corporations by allowing greater flexibility in the organization and operation of close corporations;
   3. To ensure that corporate assets are available for the satisfaction of valid claims of corporate creditors; and
   4. To simplify, clarify and modernize the laws applicable to for-profit and non-profit corporations created under the sovereign powers of the Rosebud Sioux Tribe.
2. The provisions of the chapters of this Title shall be liberally construed and applied to promote its underlying purposes and policies.