N.D. Cent. Code § 10-19.1-30
This is the official text of N.D. Cent. Code § 10-19.1-30, 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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10-19.1-30. Organization
Official statutory text
10-19.1-30. Unless reserved by the articles to the shareholders with voting rights, the
power to adopt, amend, or repeal the bylaws is vested in the board. The power of the
board is subject to the power of the shareholders, exercisable in the manner provided
in subsection 3, to adopt, amend, or repeal bylaws adopted, amended, or repealed by
the board.
3. Unless the articles or bylaws provide otherwise, a shareholder or shareholders holding
five percent or more of the voting power of the shares entitled to vote may propose a
resolution for action by the shareholders to adopt, amend, or repeal bylaws adopted,
amended, or repealed by the board.
a. The resolution must set forth the provisions proposed for adoption, amendment,
or repeal.
b. The limitations and procedures for submitting, considering, and adopting the
resolution are the same as provided in subsections 2, 3, and 4 of section
10-19.1-19 for amendment of the articles.
power to adopt, amend, or repeal the bylaws is vested in the board. The power of the
board is subject to the power of the shareholders, exercisable in the manner provided
in subsection 3, to adopt, amend, or repeal bylaws adopted, amended, or repealed by
the board.
3. Unless the articles or bylaws provide otherwise, a shareholder or shareholders holding
five percent or more of the voting power of the shares entitled to vote may propose a
resolution for action by the shareholders to adopt, amend, or repeal bylaws adopted,
amended, or repealed by the board.
a. The resolution must set forth the provisions proposed for adoption, amendment,
or repeal.
b. The limitations and procedures for submitting, considering, and adopting the
resolution are the same as provided in subsections 2, 3, and 4 of section
10-19.1-19 for amendment of the articles.
Status: repealed · Read it on the official government site
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