Apsaalooke Secured Transactions Act
The Apsaalooke legislature adopted this Act during its April 2007 legislative session. Shawn Real Bird, Director of the Crow Tribe’s Economic Development office sought assistance from the Uniform Law Commision and the Federal Reserve. The act was drafted by the Uniform Law Commission whose membership is comprised of more than 350 lawyers, judges and law professors from across the United States. It took the Commission four years to develop the Model Tribal Secured Transaction Act. This model legislation provides the opportunity for Apsaalooke individuals and entreprenuers to obtain loans using personal property as collateral. This act provides the Apsaalooke people a legal framework to aid economic development on the Crow Indian Reservation.