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Subpart 5 DISTRIBUTIONS TO NATION AS MEMBER
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A limited liability company in which the Nation is the sole member shall distribute the net income of the LLC to the Nation as set forth in a dividend plan adopted in accordance with the articles of operation and duly approved by the Nation except that an LLC may retain reserves necessary to carry on the LLC’s business in a reasonably prudent manner and as recommended by the Enterprise Board, if applicable, subject to further limitations set forth in Section 2-507 of this Title and in the articles of organization. ONCA 08-02, eff. June 13, 2008.