|
|
|
U.S. Code as of:
01/19/04
Section 1607. Village Corporations
(a) Organization of Corporation prerequisite to receipt of patent
to lands or benefits under chapter
The Native residents of each Native village entitled to receive
lands and benefits under this chapter shall organize as a business
for profit or nonprofit corporation under the laws of the State
before the Native village may receive patent to lands or benefits
under this chapter, except as otherwise provided.
(b) Regional Corporation: approval of initial articles; review and
approval of amendments to articles and annual budgets; assistance
in preparation of articles and other documents
The initial articles of incorporation for each Village
Corporation shall be subject to the approval of the Regional
Corporation for the region in which the village is located.
Amendments to the articles of incorporation and the annual budgets
of the Village Corporations shall, for a period of five years, be
subject to review and approval by the Regional Corporation. The
Regional Corporation shall assist and advise Native villages in the
preparation of articles of incorporation and other documents
necessary to meet the requirements of this subsection.
(c) Applicability of section 1606
The provisions of subsections (g), (h) (other than paragraph
(4)), and (o) of section 1606 of this title shall apply in all
respects to Village Corporations, Urban Corporations, and Group
Corporations.
|
|