N.D. Cent. Code § 10-33-95: Certain assets not to be diverted
Where this section sits in the code
- Title 10 Corporations
- Chapter 10-33 Nonprofit Corporations
If a corporation dissolves, merges, substantially changes the use or purposes for which the corporation will use corporate assets, consolidates, transfers corporate assets, or grants a mortgage or other security interest in corporate assets, assets of the corporation or a constituent corporation and assets subsequently received by a single corporation after a merger or consolidation may not be diverted from the uses and purposes for which the assets were received and held or from the uses and purposes expressed or intended by the original donor.
Collected 2026-09-02T21:04:14Z. Source file · JSON