N.D. Cent. Code § 10-19.1-90: Advances
Where this section sits in the code
- Title 10 Corporations
- Chapter 10-19.1 North Dakota Business Corporation Act
A corporation may, without a vote of the directors or its shareholders, advance money to its shareholders who provide services, directors, officers, or employees to cover expenses that can reasonably be anticipated to be incurred by them in the performance of their duties and for which they would be entitled to reimbursement in the absence of an advance.
Collected 2026-09-02T21:04:14Z. Source file · JSON