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This Act shall replace and supersede in its entirety the Osage Nation Limited Liability Companies Act enacted by this congressional body through bill ONCA 07-23, and further shall repeal any other resolution, ordinance, order, or act of the Osage Nation, or its predecessor, inconsistent with the law presented herein. Upon ratification of this Act, the Osage Nation shall be authorized to exercise all powers, rights, and responsibilities contained herein.