N.D. Cent. Code § 4.1-60-02
This is the official text of N.D. Cent. Code § 4.1-60-02, 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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4.1-60-02. Examination of financial accounts of elevator or warehouse by competent examiner - Request by percentage of stockholders
Official statutory text
4.1-60-02. Examination of financial accounts of elevator or warehouse by competent
examiner - Request by percentage of stockholders.
The commissioner may install, and if requested by not less than fifteen percent of the
partners, stockholders, or members of any association, copartnership, corporation, or limited
liability company conducting the public elevator or warehouse, shall install, the uniform system
of accounting provided for in section 4.1-60-01. The commissioner on the commissioner's own
motion may, or on request of the required percentage of partners, stockholders, or members,
the commissioner shall, send a competent examiner to examine the books and financial
accounts of the elevator or warehouse. If a request for the examination of the accounts of any
association, copartnership, corporation, or limited liability company has been made to the
commissioner, as provided for in this section, subsequent examinations must be made at least
once every year until the commissioner is requested to discontinue the examination by
resolution adopted by the partners, stockholders, or members at any annual meeting. If the
examination has been made, the examiner shall report immediately the results of the
examination to the president and the secretary of the association, copartnership, corporation, or
limited liability company and to the commissioner.
examiner - Request by percentage of stockholders.
The commissioner may install, and if requested by not less than fifteen percent of the
partners, stockholders, or members of any association, copartnership, corporation, or limited
liability company conducting the public elevator or warehouse, shall install, the uniform system
of accounting provided for in section 4.1-60-01. The commissioner on the commissioner's own
motion may, or on request of the required percentage of partners, stockholders, or members,
the commissioner shall, send a competent examiner to examine the books and financial
accounts of the elevator or warehouse. If a request for the examination of the accounts of any
association, copartnership, corporation, or limited liability company has been made to the
commissioner, as provided for in this section, subsequent examinations must be made at least
once every year until the commissioner is requested to discontinue the examination by
resolution adopted by the partners, stockholders, or members at any annual meeting. If the
examination has been made, the examiner shall report immediately the results of the
examination to the president and the secretary of the association, copartnership, corporation, or
limited liability company and to the commissioner.
Status: in_force · Read it on the official government site
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