N.D. Cent. Code § 10-19.1-18
This is the official text of N.D. Cent. Code § 10-19.1-18, 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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10-19.1-18. Procedure for amendment when no shares are outstanding
Official statutory text
10-19.1-18. Procedure for amendment when no shares are outstanding
Before the issuance of shares by a corporation, the articles also may be amended pursuant
to section 10-19.1-30 by the incorporators or by the board. The articles may be amended by the
board to change or cancel a statement pursuant to subsection 4 of section 10-19.1-61,
establishing or fixing the rights and preferences of a class or series of shares before the
issuance of any shares of that class or series or at any subsequent time that no shares of that
class or series are outstanding by filing articles of amendment or a statement of cancellation, as
appropriate, with the secretary of state. If a statement filed pursuant to subsection 4 of section
10-19.1-61 is canceled, the shares of the class and series originally covered by the statement
have the status of authorized but unissued, undesignated shares, unless the articles otherwise
provide. If the articles provide that the canceled shares may not be reissued, the statement of
cancellation must include the information specified in subsection 2 of section 10-19.1-93.
Before the issuance of shares by a corporation, the articles also may be amended pursuant
to section 10-19.1-30 by the incorporators or by the board. The articles may be amended by the
board to change or cancel a statement pursuant to subsection 4 of section 10-19.1-61,
establishing or fixing the rights and preferences of a class or series of shares before the
issuance of any shares of that class or series or at any subsequent time that no shares of that
class or series are outstanding by filing articles of amendment or a statement of cancellation, as
appropriate, with the secretary of state. If a statement filed pursuant to subsection 4 of section
10-19.1-61 is canceled, the shares of the class and series originally covered by the statement
have the status of authorized but unissued, undesignated shares, unless the articles otherwise
provide. If the articles provide that the canceled shares may not be reissued, the statement of
cancellation must include the information specified in subsection 2 of section 10-19.1-93.
Status: in_force · Read it on the official government site
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