6.20.210 Post Dissolution.
(1) Deposit with the Samish Tribal Court of Amount Due Certain Shareholders. Upon the voluntary or involuntary dissolution or liquidation of a corporation, the portion of the assets distributable to a creditor or shareholder who is unknown or cannot be found, or who is under disability and there is no person legally competent to receive such distributive portion, shall be reduced to cash and deposited with the Tribal Court and shall be paid over to the creditor or shareholder or to his legal representative upon proof satisfactory to the Tribal Court of his rights thereto.
(2) Survival of Remedy After Dissolution.
(a) The dissolution of a corporation by (i) the issuance of a certificate of dissolution, (ii) an order issued by the Tribal Court before the corporation’s assets have been liquidated as provided in this chapter, or (iii) upon expiration of its period of duration shall not take away or impair any remedy available to or against a corporation, its directors, officers or shareholders, for any right or claim existing or any liability incurred, prior to dissolution if an action or other proceeding is commenced within two years after the date of dissolution.
(b) Any such action or proceeding by or against the corporation may be prosecuted or defended by the corporation in its corporate name.
(c) The shareholders, directors, and officers shall have power to take corporate or other action as shall be appropriate to protect a remedy, right or claim. If a corporation was dissolved by the expiration of its period of duration, it may amend its articles of incorporation at any time during the period of two years so as to extend its period of duration. [Res. 2020-04-005 § 2, 2020.]