Coyote Economic Development Corporation

On January 7, 2010, the Tribal Council petitioned the Secretary of Interior to issue a federal charter of incorporation to the Tribe.  They sought to establish Coyote Economic Development Corporation, a business corporation as authorized by Section 17 of the Indian Reorganization Act.  The Coyote Valley Tribal Council found that the formation of a federal charter of incorporation would serve in the best interests of the Tribe, its members, and its enterprises and would protect the political integrity, economic security and health and welfare of the Tribe and its members by, among other things. A corporate charter creates a legal structure which provides for the segregation of Tribal governmental assets and liabilities from Tribal business assets, liabilities, and creates a legal structure which provides for the segregation of discrete corporation assets and liabilities into separate corporation subdivisions, without divesting either the corporation or the Tribe of the privileges and immunity arising pursuant to their legal status under federal and Tribal law.

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