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Chapter 10-19.1

North Dakota Business Corporation Act
Section Section Name
10-19.1-00.1 Citation
10-19.1-01 Definitions
10-19.1-01.1 Legal recognition of electronic records and electronic signatures
10-19.1-01.2 Knowledge and notice
10-19.1-02 Application to corporations incorporated after June 30, 1985
10-19.1-02.1 Reservation of legislative right
10-19.1-03 Election prior to mandatory application
10-19.1-04 Mandatory application
10-19.1-05 Retention of two‑thirds majority
10-19.1-06 Transition
10-19.1-07 Reservation of legislative power
10-19.1-08 Purposes
10-19.1-09 Incorporators
10-19.1-10 Articles
10-19.1-11 Filing of articles of incorporation
10-19.1-12 Effective date of incorporation
10-19.1-13 Corporate name (Contingent effective date - See note)
10-19.1-14 Reserved name
10-19.1-15 Registered office ‑ Registered agent
10-19.1-16 Change of registered office or registered agent ‑ Change of name of registered agent
10-19.1-17 Amendment of articles
10-19.1-18 Procedure for amendment when no shares are outstanding
10-19.1-19 Procedure for amendment after issuance of shares
10-19.1-20 Class or series voting on amendments
10-19.1-21 Articles of amendment
10-19.1-22 Effect of amendment
10-19.1-23 Filing articles of amendment
10-19.1-24 Effective date of articles of amendment
10-19.1-25 Amendment of articles in court‑supervised reorganization
10-19.1-26 General powers
10-19.1-27 Corporate seal
10-19.1-28 Defense of ultra vires
10-19.1-29 Unauthorized assumption of corporate powers ‑ Liability
10-19.1-30 Organization
10-19.1-31 Bylaws
10-19.1-32 Board
10-19.1-33 Number of directors
10-19.1-34 Qualifications and election of directors
10-19.1-35 Terms of directors
10-19.1-36 Acts not void or voidable
10-19.1-37 Compensation of directors
10-19.1-38 Classification of directors
10-19.1-39 Voting for directors ‑ Cumulative voting
10-19.1-40 Resignation of directors
10-19.1-41 Nonjudicial removal of directors
10-19.1-41.1 Removal of directors by judicial proceeding
10-19.1-42 Board vacancies
10-19.1-43 Board meetings
10-19.1-44 Absent directors
10-19.1-45 Quorum of directors
10-19.1-46 Act of the board
10-19.1-47 Action without meeting by directors
10-19.1-48 Board committees
10-19.1-49 Committee of disinterested persons
10-19.1-50 Standard of conduct for directors
10-19.1-51 Director conflicts of interest
10-19.1-52 Officers
10-19.1-53 Duties of officers and agents
10-19.1-54 Other officers
10-19.1-55 Multiple offices
10-19.1-56 Officers deemed elected
10-19.1-57 Contract rights
10-19.1-58 Resignation, removal, and vacancies for officers
10-19.1-59 Delegation by officers
10-19.1-60 Standard of conduct for officers
10-19.1-61 Authorized shares
10-19.1-61.1 Share dividends, divisions, and combinations
10-19.1-62 Subscriptions for shares
10-19.1-63 Consideration for shares ‑ Value and payment ‑ Liability
10-19.1-64 Rights to purchase
10-19.1-65 Pre-emptive rights
10-19.1-66 Share certificates ‑ Issuance and contents ‑ Uncertificated shares
10-19.1-67 Lost share certificates ‑ Replacement
10-19.1-68 Fractional shares
10-19.1-69 Liability of subscribers and shareholders with respect to shares
10-19.1-70 Restriction on transfer or registration of securities
10-19.1-71 Regular meetings of shareholders
10-19.1-72 Special meetings of shareholders
10-19.1-72.1 Court‑ordered meeting of shareholders
10-19.1-73 Notice of shareholder meetings
10-19.1-73.1 Electronic communications
10-19.1-73.2 Voting rights
10-19.1-73.3 Voting list
10-19.1-74 Act of the shareholders
10-19.1-74.1 Contractual requirement to submit matter to shareholders
10-19.1-75 Shareholder action without a meeting
10-19.1-75.1 Shareholder action by ballot
10-19.1-75.2 Remote communications for shareholder meetings
10-19.1-75.3 Number of shareholders
10-19.1-76 Quorum of shareholders
10-19.1-76.1 Voting of shares by organizations and legal representatives
10-19.1-76.2 Proxies
10-19.1-76.3 Acceptance of shareholder act by the corporation
10-19.1-77 Voting rights
10-19.1-78 Voting list
10-19.1-79 Voting of shares by organizations and legal representatives
10-19.1-80 Proxies
10-19.1-81 Voting trusts
10-19.1-82 Shareholder voting agreements
10-19.1-83 Shareholder control agreements
10-19.1-84 Books and records ‑ Inspection
10-19.1-85 Financial statements
10-19.1-85.1 Equitable remedies for shareholders
10-19.1-86 Actions by shareholders
10-19.1-87 Rights of dissenting shareholders
10-19.1-88 Procedures for asserting dissenters' rights
10-19.1-89 Loans ‑ Guarantees ‑ Suretyship
10-19.1-90 Advances
10-19.1-91 Indemnification
10-19.1-92 Distributions
10-19.1-93 Power to acquire shares
10-19.1-94 Liability of shareholders for illegal distributions
10-19.1-95 Liability of directors for illegal distributions
10-19.1-96 Merger ‑ Exchange ‑ Transfer
10-19.1-97 Plan of merger or exchange
10-19.1-98 Plan approval
10-19.1-99 Articles of merger ‑ Certificate
10-19.1-100 Merger of subsidiary into parent
10-19.1-100.1 Merger to effect a holding company reorganization
10-19.1-101 Abandonment of plan of merger or exchange
10-19.1-102 Effective date of merger or exchange ‑ Effect
10-19.1-102.1 Continuance of corporate authority
10-19.1-103 Merger or exchange with foreign organization
10-19.1-104 Transfer of assets ‑ When permitted
10-19.1-104.1 Conversion
10-19.1-104.2 Plan of conversion
10-19.1-104.3 Plan approval and amendment
10-19.1-104.4 Articles of conversion
10-19.1-104.5 Abandonment of conversion
10-19.1-104.6 Effective date of conversion ‑ Effect
10-19.1-105 Methods of dissolution
10-19.1-106 Voluntary dissolution prior to the issuance of shares
10-19.1-107 Voluntary dissolution after the issuance of shares
10-19.1-108 Filing notice of intent to dissolve ‑ Effect
10-19.1-109 Procedure in dissolution
10-19.1-110 Dissolution procedure for corporations that give notice to creditors and claimants
10-19.1-110.1 Dissolution procedure for corporations that do not give notice to creditors and claimants
10-19.1-111 Claims in dissolution
10-19.1-112 Revocation of dissolution proceedings
10-19.1-113 Articles of dissolution ‑ Certificate of dissolution ‑ Effect
10-19.1-113.1 Filing of articles of dissolution ‑ Effective date of dissolution ‑ Certificate
10-19.1-114 Supervised voluntary dissolution
10-19.1-115 Involuntary dissolution
10-19.1-116 Procedure in involuntary or supervised voluntary dissolution
10-19.1-117 Qualifications of receivers ‑ Powers
10-19.1-118 Action by attorney general
10-19.1-119 Filing claims in proceedings to dissolve
10-19.1-120 Discontinuance of dissolution proceedings
10-19.1-121 Decree of dissolution
10-19.1-122 Filing decree
10-19.1-123 Deposit with administrator of abandoned property of amount due certain shareholders ‑ Appropriation
10-19.1-124 Claims barred ‑ Exceptions
10-19.1-125 Right to sue or defend after dissolution
10-19.1-126 Omitted assets
10-19.1-127 Extension after duration expired
10-19.1-128 Effect of extension
10-19.1-129 Service of process on corporation, foreign corporation, and nonresident directors
10-19.1-130 State interested ‑ Proceedings
10-19.1-131 Foreign trade zones
10-19.1-132 Foreign corporation ‑ Governing law
10-19.1-133 Foreign corporation ‑ Name
10-19.1-134 Foreign corporation ‑ Admission of foreign corporation ‑ Transacting business ‑ Obtaining licenses and permits
10-19.1-135 Foreign corporation application for certificate of authority
10-19.1-136 Foreign corporation ‑ Issuance of certificate of authority
10-19.1-137 Foreign corporation ‑ Amendments to the certificate of authority
10-19.1-138 Foreign corporation ‑ Registered agent ‑ Registered office
10-19.1-139 Foreign corporation ‑ Merger of foreign corporation authorized to transact business in this state
10-19.1-139.1 Foreign corporation ‑ Conversion of foreign corporation authorized to transact business in this state
10-19.1-140 Foreign corporation ‑ Certificate of withdrawal
10-19.1-141 Foreign corporation ‑ Revocation of certificate of authority
10-19.1-142 Foreign corporation ‑ Transaction of business without certificate of authority
10-19.1-143 Foreign corporation ‑ Transactions not constituting transacting business
10-19.1-144 Foreign corporation ‑ Action by attorney general
10-19.1-145 Foreign corporation ‑ Service of process
10-19.1-146 Secretary of state ‑ Annual report of corporations and foreign corporations ‑ Involuntary dissolution ‑ Revocation of certificate of authority
10-19.1-146.1 Secretary of state ‑ Involuntary dissolution ‑ Revocation of certificate of authority
10-19.1-147 Fees for filing records ‑ Issuing certificates ‑ License fees
10-19.1-148 Secretary of state ‑ Powers ‑ Enforcement ‑ Penalty ‑ Appeal
10-19.1-148.1 Delivery to and filing of records by secretary of state and effective date
10-19.1-148.2 Correcting a filed record
10-19.1-149 Secretary of state ‑ Certificates and certified copies to be received in evidence
10-19.1-149.1 Secretary of state ‑ Confidential records
10-19.1-150 Secretary of state ‑ Forms to be furnished by the secretary of state
10-19.1-151 Miscellaneous ‑ Foreign trade zones
10-19.1-152 Audit reports and audit of corporations receiving state subsidies for production of alcohol or methanol for combination with gasoline

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