N.D. Cent. Code § 10-35-11

10-35-11. Supermajority provisions prohibited

Year: 2026Length: 112 wordsOfficial source
10-35-11. Supermajority provisions prohibited Neither the articles nor the bylaws of a publicly traded corporation may provide a quorum or voting requirement: 1. For the board or a committee of the board that is greater than a majority of the number of directors that would constitute the full board or committee assuming there are no vacancies; or 2. For shareholders that is greater than a majority of the voting power of the shares entitled to vote on the item of business or, in the case of a class or series entitled to vote as a separate group, a majority of the voting power of the outstanding shares of the class or series.
N.D. Cent. Code § 10-35-11: 10-35-11. Supermajority provisions prohibited | Justis AI