N.D. Cent. Code § 10-19.1-118

This is the official text of N.D. Cent. Code § 10-19.1-118, 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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10-19.1-118. Action by attorney general

Official statutory text

10-19.1-118. Action by attorney general

1. A corporation may be dissolved involuntarily by a decree of a court in this state in an

action filed by the attorney general when it is established that:

a. The articles and certificate of incorporation were procured through fraud;

b. The corporation was incorporated for a purpose not permitted by section

10-19.1-08;

c. The corporation failed to comply with the requirements of sections 10-19.1-02

through 10-19.1-24 essential to incorporation under or election to become

governed by this chapter;

d. The corporation has failed for thirty days to appoint and maintain a registered

agent in this state as provided in chapter 10-01.1;

e. The corporation has failed for thirty days after change of its registered office or

registered agent to file in the office of the secretary of state a statement of such

change as provided in chapter 10-01.1; or

f. The corporation has acted, or failed to act, in a manner that constitutes surrender

or abandonment of the corporate franchise, privileges, or enterprise.

2. An action may not be commenced under this section until thirty days after notice to the

corporation by the attorney general of the reason for the filing of the action. If the

reason for filing the action is an act that the corporation has done, or omitted to do,

and the act or omission may be corrected by an amendment of the articles or bylaws

or by performance of or abstention from the act, the attorney general shall give the

corporation thirty additional days in which to effect the correction before filing the

action.

Status: in_force · Read it on the official government site

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