N.D. Cent. Code § 6-05-26
This is the official text of N.D. Cent. Code § 6-05-26, 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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6-05-26. Increase in capital stock - Action by stockholders - Report to state banking board
Official statutory text
6-05-26. Increase in capital stock - Action by stockholders - Report to state banking
board.
The capital stock of such a corporation may be increased from time to time by a majority
vote of its stockholders. Such action may be taken at any regularly called general or special
meeting held upon sixty days' notice, when in the notice of such meeting the object thereof has
been set out fully. No such increase of capital stock is valid unless paid in, in cash, and reported
to the state banking board in writing, verified by the oath of the president, secretary, or
managing officer of the corporation.
board.
The capital stock of such a corporation may be increased from time to time by a majority
vote of its stockholders. Such action may be taken at any regularly called general or special
meeting held upon sixty days' notice, when in the notice of such meeting the object thereof has
been set out fully. No such increase of capital stock is valid unless paid in, in cash, and reported
to the state banking board in writing, verified by the oath of the president, secretary, or
managing officer of the corporation.
Status: in_force · Read it on the official government site
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