N.D. Cent. Code § 10-15-22
This is the official text of N.D. Cent. Code § 10-15-22, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
10-15-22. Stock subscriptions - Liability
Official statutory text
10-15-22. Stock subscriptions - Liability
A subscription for stock of a cooperative is irrevocable for six months unless otherwise
provided by the subscription agreement or unless all subscribers consent to the revocation.
A stockholder or subscriber is under no obligation to any person with respect to the
stockholder's or subscriber's stock or subscription other than the obligation to pay to the
cooperative the full consideration for which such stock was to be issued.
A subscription for stock of a cooperative is irrevocable for six months unless otherwise
provided by the subscription agreement or unless all subscribers consent to the revocation.
A stockholder or subscriber is under no obligation to any person with respect to the
stockholder's or subscriber's stock or subscription other than the obligation to pay to the
cooperative the full consideration for which such stock was to be issued.
Status: in_force · Read it on the official government site
Need a lawyer in North Dakota?
Find a North Dakota lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.