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A. There are hereby authorized to be created by resolution of the Board of Directors of a limited liability company wholly owned by the Nation, or of a wholly owned subsidiary of such an LLC, subsidiary LLCs to be wholly owned by the parent LLC, which shall be instrumentalities of the Osage Nation. The incorporator of such an Osage Nation subsidiary LLC shall file with the Secretary of the Osage Nation. When the incorporator files the articles of organization and articles of operation of the Osage Nation subsidiary corporation, a certified copy of a resolution of the Board of Directors of the parent corporation authorizing the formation of the subsidiary corporation and approving the articles shall be included.

B. The Nation, as the sole member of a wholly owned limited liability company, may designate, by resolution, an LLC as a subsidiary LLC to another existing limited liability company wholly owned by the Nation, which shall be instrumentalities of the Osage Nation. The new parent LLC shall pass by resolution new articles of organization for the newly designated subsidiary LLC and file them with the Secretary of the Nation in accordance with Section 2-921 of this Title. ONCA 08-02, eff. June 13, 2008; ONCA 18-53, eff. Sept. 21, 2018.