N.D. Cent. Code § 1-08-05
This is the official text of N.D. Cent. Code § 1-08-05, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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1-08-05. Validating proceedings of a corporation by two-thirds vote
Official statutory text
1-08-05. Validating proceedings of a corporation by two-thirds vote
Proceedings had or authorized prior to July 1, 1941, by a two-thirds vote shall be in all
things deemed legal and binding upon all stockholders or members of a corporation unless,
within ninety days after this code takes effect, nonassenting stockholders or members by action
to enjoin or by other appropriate judicial process shall question the legality of any sale made or
act done pursuant to such authorization.
Proceedings had or authorized prior to July 1, 1941, by a two-thirds vote shall be in all
things deemed legal and binding upon all stockholders or members of a corporation unless,
within ninety days after this code takes effect, nonassenting stockholders or members by action
to enjoin or by other appropriate judicial process shall question the legality of any sale made or
act done pursuant to such authorization.
Status: in_force · Read it on the official government site
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