N.D. Cent. Code § 10-19.1-72.1
This is the official text of N.D. Cent. Code § 10-19.1-72.1, 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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10-19.1-72.1. Court-ordered meeting of shareholders
Official statutory text
10-19.1-72.1. Court-ordered meeting of shareholders
1. The district court of the county where the principal executive office of a corporation is
located may order a meeting to be held:
a. On application of a shareholder or shareholders holding five percent or more of
the voting power of all shares entitled to vote, if a meeting was not held within the
earlier of:
(1) Six months after the fiscal yearend of the corporation; or
(2) Fifteen months after its last meeting; or
b. On application of a voting shareholder who signed a demand for a special
meeting valid under section 10-19.1-72 or a person entitled to call a special
meeting if:
(1) Notice of the special meeting was not given within thirty days after the date
the demand was delivered to a corporate officer; or
(2) The special meeting was not held in accordance with the notice.
2. The court may:
a. Fix the time and place of the meeting;
b. Specify a record date for determining shareholders entitled to notice of and to
vote at the meeting;
c. Prescribe the form and content of the meeting notice;
d. Fix the quorum required for specific matters to be considered at the meeting or
direct that the votes represented at the meeting constitute a quorum for action on
those matters; and
e. Enter other orders necessary to accomplish the purposes of the meeting.
3. If the court orders a meeting it may also order the corporation to pay the costs of the
shareholder, including reasonable attorney's fees, incurred to obtain the order.
1. The district court of the county where the principal executive office of a corporation is
located may order a meeting to be held:
a. On application of a shareholder or shareholders holding five percent or more of
the voting power of all shares entitled to vote, if a meeting was not held within the
earlier of:
(1) Six months after the fiscal yearend of the corporation; or
(2) Fifteen months after its last meeting; or
b. On application of a voting shareholder who signed a demand for a special
meeting valid under section 10-19.1-72 or a person entitled to call a special
meeting if:
(1) Notice of the special meeting was not given within thirty days after the date
the demand was delivered to a corporate officer; or
(2) The special meeting was not held in accordance with the notice.
2. The court may:
a. Fix the time and place of the meeting;
b. Specify a record date for determining shareholders entitled to notice of and to
vote at the meeting;
c. Prescribe the form and content of the meeting notice;
d. Fix the quorum required for specific matters to be considered at the meeting or
direct that the votes represented at the meeting constitute a quorum for action on
those matters; and
e. Enter other orders necessary to accomplish the purposes of the meeting.
3. If the court orders a meeting it may also order the corporation to pay the costs of the
shareholder, including reasonable attorney's fees, incurred to obtain the order.
Status: in_force · Read it on the official government site
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