N.D. Cent. Code § 10-19.1-31
This is the official text of N.D. Cent. Code § 10-19.1-31, 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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10-19.1-31. Bylaws
Official statutory text
10-19.1-31. Bylaws
1. A corporation may, but need not, have bylaws. Bylaws may contain any provision
relating to the management or the regulation of the affairs of the corporation not
inconsistent with section 10-19.1-32 or any other provision of law or the articles,
including:
a. The number of directors, and the qualifications, manner of election, powers,
duties, and compensation, if any, of directors;
b. The qualifications of shareholders;
c. Different classes of shares;
d. The manner of admission, withdrawal, suspension, and expulsion of
shareholders;
e. Property, voting, and other rights and privileges of shareholders;
f. The appointment and authority of committees;
g. The appointment or election, duties, compensation, and tenure of officers;
h. The time, place, and manner of calling, conducting, and giving notice of
shareholder, board, and committee meetings, or of conducting mail ballots;
i. The making of reports and financial statements to shareholders; or
j. The number establishing a quorum for meetings of members and the board.
2. Unless reserved by the articles to shareholders with voting rights, initial bylaws may be
adopted by a majority of the incorporators, or by the first board pursuant to section
1. A corporation may, but need not, have bylaws. Bylaws may contain any provision
relating to the management or the regulation of the affairs of the corporation not
inconsistent with section 10-19.1-32 or any other provision of law or the articles,
including:
a. The number of directors, and the qualifications, manner of election, powers,
duties, and compensation, if any, of directors;
b. The qualifications of shareholders;
c. Different classes of shares;
d. The manner of admission, withdrawal, suspension, and expulsion of
shareholders;
e. Property, voting, and other rights and privileges of shareholders;
f. The appointment and authority of committees;
g. The appointment or election, duties, compensation, and tenure of officers;
h. The time, place, and manner of calling, conducting, and giving notice of
shareholder, board, and committee meetings, or of conducting mail ballots;
i. The making of reports and financial statements to shareholders; or
j. The number establishing a quorum for meetings of members and the board.
2. Unless reserved by the articles to shareholders with voting rights, initial bylaws may be
adopted by a majority of the incorporators, or by the first board pursuant to section
Status: reserved · Read it on the official government site
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