17.1.2.020 PURPOSE AND DEFINITIONS.

The purpose of this Code shall be to establish a legal avenue for business owners to organize their business under the laws of the Pueblo of San Ildefonso. This Code recognizes tribally organized corporations as distinct legal entities independent from its shareholders/ owners and its employees. As distinct legal entities, shareholders/owners and employees of corporations chartered under this Code are not personally liable for the actions, debts, and/or liabilities of the corporation.

For the purpose of this Code, unless the language or context clearly indicates that a different meaning is intended, the words, terms and phrases defined in this section have the meanings given to them.

(a) Articles. "Articles" means, in the case of a corporation incorporated under or governed by this Code, Articles of Incorporation, charter, or other documents evidencing the creation of a corporate entity.

(b) Authorized Shares. "Authorized Shares" means the shares of all classes which the corporation is authorized to issue.

(c) Corporation. "Corporation" means a corporation, other than a foreign corporation, organized for profit and for any lawful purpose and incorporated under or governed by this Code.

(d) Pueblo. "Pueblo" means the Pueblo of San Ildefonso as is now or hereafter may be recognized by the Secretary of the Interior of the United States of America. For the purposes of this Code, the terms "Pueblo" and "Tribe" shall mean the same thing.

(e) Registered office. "Registered office" means the place designated in the articles of a corporation as the registered office of the corporation.

(f) Tribal Corporation. "Tribal Corporation" means a corporation that is incorporated under this Code.

(g) Tribal Council. "Tribal Council" means the Tribal Council of the Pueblo of San Ildefonso.

(h) Tribal Services Director. "Tribal Services Director" means the person whom shall act as the Secretary for filing of documents required under this Act.

(i) Tribe. "Tribe" means the Pueblo of San Ildefonso. For the purposes of this Code, the terms "Pueblo" and "Tribe" shall mean the same thing.

(j) Wholly Owned by the Tribe. "Wholly Owned by the Tribe" means a Tribal Corporation whose entire interest, or 100% interest, is directly or indirectly owned by the Pueblo.