A. The Nation shall form or become a member of an LLC formed under this chapter only upon approval of such action by Joint Action Resolution of the Legislature approved by the Principal Chief (the “Principal Chief”).

B. If the Nation is a member of any LLC formed under this Act, any action which the Nation is required or permitted to take with respect to any vote, approval, consent, appointment, direction, or other matter shall be taken as specified in Section 2-941 of this Title or, as to actions related to the managers of a manager-managed LLC, as stated in the LLC’s articles of organization approved by the Legislature and the Principal Chief.

C. In no event shall any manager not a member of an LLC in which the Nation is a member, bind the Nation in any manner; provided, that the Nation’s interest as a member may be bound by manager or member actions as stated in this chapter and the articles of operation of the LLC.

D. Nothing contained in this Act shall be construed as creating any liability or waiving of sovereign immunity of the Nation in any manner; provided, that the assets of the LLC in which the Nation holds an interest may be subject to liabilities and claims unless otherwise provided herein. In no event shall any action taken by the Nation as member concerning the exercise of any right or privilege or discharge of any duty with respect to an interest in an LLC be construed as a waiver of immunity or creation of a liability on the part of the Nation separate and apart from its interests as a member of the LLC.

E. If the Nation is the sole member of an LLC formed under this Act, that LLC shall possess the Nation’s sovereign immunity from suit except to the extent otherwise provided in its articles of operation.

F. If the Nation is the sole member of an LLC formed under this Act, the additional provisions of Part 9 of this chapter shall apply. ONCA 08-02, eff. June 13, 2008.