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Can Indian tribes legally form limited liability corporations with non-Indian entities then sell stock in a casino built on trust property?
Wiki User
∙ 14y ago
I can see where the Indian tribes can legally form limited liability corporations with non-Indian entities but that is where your theory is probably going to end. Limited liability corporations cannot sell stock because the ownership is nontransferable. There would also be some major issues with the property....if you dig deep enough I'm certain you would find prohibitive verbiage about selling stock to non-Indian shareholders based on the trust setup.
Wiki User
∙ 14y ago
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