N.D. Cent. Code § 10-19.1-76.1
This is the official text of N.D. Cent. Code § 10-19.1-76.1, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
10-19.1-76.1. Voting of shares by organizations and legal representatives
Official statutory text
10-19.1-76.1. Voting of shares by organizations and legal representatives
1. Shares of a corporation registered in the name of another domestic or foreign
corporation may be voted by the president or other legal representative of the
domestic or foreign corporation.
2. Except as provided in subsection 3, shares of a corporation registered in the name of
a subsidiary are not entitled to be voted on any matter.
3. Shares of a corporation in the name of or under the control of the corporation or a
subsidiary in a fiduciary capacity are not entitled to be voted on any matter, except to
the extent that the settlor or beneficial owner possesses and exercises a right to vote
or gives the corporation or, with respect to shares in the name of or under control of a
subsidiary, the subsidiary, binding instructions on how to vote the shares.
4. Shares under the control of a person in a capacity as a personal representative, an
administrator, executor, guardian, conservator, or attorney in fact may be voted by the
person, either in person or by proxy, without registration of those shares in the name of
the person. Shares registered in the name of a trustee of a trust or in the name of a
custodian may be voted by the person, either in person or by proxy, but a trustee of a
trust or a custodian may not vote shares held by the person unless they are registered
in the name of the person.
5. Shares registered in the name of a trustee in bankruptcy or a receiver may be voted by
the trustee or either in person or by proxy. Shares under the control of a trustee in
bankruptcy or a receiver may be voted by the trustee or receiver without registering
the shares in the name of the trustee or receiver, if authority to do so is contained in an
appropriate order of the court by which the trustee or receiver was appointed.
6. Shares registered in the name of an organization not described in subsections 1
through 5 may be voted either in person or by proxy by the legal representative of that
organization.
7. A shareholder whose shares are pledged may vote those shares until the shares are
registered in the name of the pledgee. If the corporation pledges its own shares under
subsection 1 of section 10-19.1-93, the corporation may not vote the shares at a
meeting or otherwise.
1. Shares of a corporation registered in the name of another domestic or foreign
corporation may be voted by the president or other legal representative of the
domestic or foreign corporation.
2. Except as provided in subsection 3, shares of a corporation registered in the name of
a subsidiary are not entitled to be voted on any matter.
3. Shares of a corporation in the name of or under the control of the corporation or a
subsidiary in a fiduciary capacity are not entitled to be voted on any matter, except to
the extent that the settlor or beneficial owner possesses and exercises a right to vote
or gives the corporation or, with respect to shares in the name of or under control of a
subsidiary, the subsidiary, binding instructions on how to vote the shares.
4. Shares under the control of a person in a capacity as a personal representative, an
administrator, executor, guardian, conservator, or attorney in fact may be voted by the
person, either in person or by proxy, without registration of those shares in the name of
the person. Shares registered in the name of a trustee of a trust or in the name of a
custodian may be voted by the person, either in person or by proxy, but a trustee of a
trust or a custodian may not vote shares held by the person unless they are registered
in the name of the person.
5. Shares registered in the name of a trustee in bankruptcy or a receiver may be voted by
the trustee or either in person or by proxy. Shares under the control of a trustee in
bankruptcy or a receiver may be voted by the trustee or receiver without registering
the shares in the name of the trustee or receiver, if authority to do so is contained in an
appropriate order of the court by which the trustee or receiver was appointed.
6. Shares registered in the name of an organization not described in subsections 1
through 5 may be voted either in person or by proxy by the legal representative of that
organization.
7. A shareholder whose shares are pledged may vote those shares until the shares are
registered in the name of the pledgee. If the corporation pledges its own shares under
subsection 1 of section 10-19.1-93, the corporation may not vote the shares at a
meeting or otherwise.
Status: in_force · Read it on the official government site
Need a lawyer in North Dakota?
Find a North Dakota lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.