N.D. Cent. Code § 10-35-03
This is the official text of N.D. Cent. Code § 10-35-03, 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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10-35-03. Application and effect of chapter
Official statutory text
10-35-03. Application and effect of chapter
1. This chapter applies only to a publicly traded corporation meeting the definition of a
"publicly traded corporation" in section 10-35-02 during such time as its articles state
that it is governed by this chapter.
2. The existence of a provision of this chapter does not of itself create any implication
that a contrary or different rule of law is or would be applicable to a corporation that is
not a publicly traded corporation. This chapter does not affect any statute or rule of law
as it applies to a corporation that is not a publicly traded corporation.
3. A provision of the articles or bylaws of a publicly traded corporation may not be
inconsistent with any provision of this chapter.
4. The computation of a percentage of shares owned beneficially or of record by a
person or group of persons for purposes of this chapter or chapter 10-19.1 shall be
based on the number of outstanding shares of the publicly traded corporation shown
most recently in a filing by the corporation with the commission under the Exchange
Act.
1. This chapter applies only to a publicly traded corporation meeting the definition of a
"publicly traded corporation" in section 10-35-02 during such time as its articles state
that it is governed by this chapter.
2. The existence of a provision of this chapter does not of itself create any implication
that a contrary or different rule of law is or would be applicable to a corporation that is
not a publicly traded corporation. This chapter does not affect any statute or rule of law
as it applies to a corporation that is not a publicly traded corporation.
3. A provision of the articles or bylaws of a publicly traded corporation may not be
inconsistent with any provision of this chapter.
4. The computation of a percentage of shares owned beneficially or of record by a
person or group of persons for purposes of this chapter or chapter 10-19.1 shall be
based on the number of outstanding shares of the publicly traded corporation shown
most recently in a filing by the corporation with the commission under the Exchange
Act.
Status: in_force · Read it on the official government site
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