N.D. Cent. Code § 10-19.1-52
This is the official text of N.D. Cent. Code § 10-19.1-52, 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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10-19.1-52. Officers
Official statutory text
10-19.1-52. Officers
1. The officers of a corporation must be individuals who are eighteen years of age or
more, exercising the functions of the offices and:
a. Must consist of a president, a secretary, and a treasurer, however designated;
and
b. May also include one or more vice presidents and any other officers, however
designated, as may be provided in the bylaws.
2. Unless the articles or the bylaws provide that the shareholders with voting rights may
elect the officers:
a. Each officer must be elected by the board at the time and in the manner as may
be provided in the bylaws; or
b. To the extent authorized in the articles, the bylaws, or a resolution approved by
the affirmative vote of a majority of the directors present, the president may
appoint one or more officers, other than the treasurer.
3. Unless otherwise provided, president means chief executive officer and treasurer
means chief financial officer.
1. The officers of a corporation must be individuals who are eighteen years of age or
more, exercising the functions of the offices and:
a. Must consist of a president, a secretary, and a treasurer, however designated;
and
b. May also include one or more vice presidents and any other officers, however
designated, as may be provided in the bylaws.
2. Unless the articles or the bylaws provide that the shareholders with voting rights may
elect the officers:
a. Each officer must be elected by the board at the time and in the manner as may
be provided in the bylaws; or
b. To the extent authorized in the articles, the bylaws, or a resolution approved by
the affirmative vote of a majority of the directors present, the president may
appoint one or more officers, other than the treasurer.
3. Unless otherwise provided, president means chief executive officer and treasurer
means chief financial officer.
Status: in_force · Read it on the official government site
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