{"data":{"id":"us-nd/n.d.-cent.-code-10-15-32","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 10-15-32","heading":"Disposition of assets - Right to secure debts","body":"1.Except as authorized by the members, the board may not dispose of all or substantially all of a cooperative's fixed assets. At any meeting the members may authorize the disposition of all or substantially all of a cooperative's fixed assets if:\na.Notice that such disposition will be considered at such meeting has been given to all persons entitled to vote thereon.\nb.Such disposition has been approved by three-fourths of those voting at the meeting.\n2.Unless the bylaws provide otherwise, the board may secure payment of a cooperative's debts by mortgaging the cooperative's rights, privileges, authority and franchises, revenues, and other property.","path":["Title 10 Corporations","Chapter 10-15 Cooperative Associations"],"source_url":"https://ndlegis.gov/cencode/t10c15.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"1f46b3f09575cea68a90198244e1b4f5b4f9daa7cffc4789ef20665c4db6d36c","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-10-15-31","next":"us-nd/n.d.-cent.-code-10-15-33"},"notice":"GroundRules: Original legal text. Not legal advice."}