N.D. Cent. Code § 10-19.1-112

This is the official text of N.D. Cent. Code § 10-19.1-112, 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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10-19.1-112. Revocation of dissolution proceedings

Official statutory text

10-19.1-112. Revocation of dissolution proceedings

1. Dissolution proceedings commenced pursuant to section 10-19.1-107 may be revoked

prior to filing of articles of dissolution.

2. Written notice must be given to every shareholder entitled to vote at a shareholders'

meeting within the time and in the manner provided in section 10-19.1-73 for notice of

meetings of shareholders and must state that a purpose of the meeting is to consider

the advisability of revoking the dissolution proceedings. The proposed revocation must

be submitted to the shareholders at the meeting. If the proposed revocation is

approved at a meeting by the affirmative vote of the holders of a majority of the voting

power of all shares entitled to vote, the dissolution proceedings are revoked.

3. Revocation of dissolution proceedings is effective when a notice of revocation is filed

with the secretary of state, with the fees provided in section 10-19.1-147. The

corporation may resume business after this revocation.

Status: in_force · Read it on the official government site

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