N.D. Cent. Code § 10-35-20

10-35-20. Action by shareholders without a meeting

Year: 2026Length: 90 wordsOfficial source
10-35-20. Action by shareholders without a meeting 1. An action required or permitted to be taken at a meeting of the shareholders of a publicly traded corporation may be taken without a meeting by one or more records signed by shareholders who own voting power equal to the voting power that would be required to take the same action at a meeting of the shareholders at which all shareholders were present. 2. Action may not be taken by a publicly traded corporation by ballot of its shareholders without a meeting.
N.D. Cent. Code § 10-35-20: 10-35-20. Action by shareholders without a meeting | Justis AI