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North Dakota · Through 2026-07-31T11:12:02 · Newer source version available

N.D. Cent. Code § 10-35-11: Supermajority provisions prohibited

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Where this section sits in the code
  1. Title 10 Corporations
  2. Chapter 10-35 Publicly Traded Corporations

Neither the articles nor the bylaws of a publicly traded corporation may provide a quorum or voting requirement:

1.For the board or a committee of the board that is greater than a majority of the number of directors that would constitute the full board or committee assuming there are no vacancies; or

2.For shareholders that is greater than a majority of the voting power of the shares entitled to vote on the item of business or, in the case of a class or series entitled to vote as a separate group, a majority of the voting power of the outstanding shares of the class or series.

Collected 2026-09-02T21:04:14Z. Source file · JSON

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