{"data":{"id":"us-nd/n.d.-cent.-code-10-33-124","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 10-33-124","heading":"Certified nonprofit development corporation - Application","body":"1.For the purposes of this section:\na.\"Certified nonprofit development corporation\" means a corporation organized under this chapter which meets the following requirements:\n(1)Is certified by the secretary of state under this section;\n(2)Invests a majority of its funds in primary sector businesses; and\n(3)No part of the income is distributable to its members, directors, or officers.\nb.\"Primary sector business\" has the meaning provided in section 1-01-49.\n2.A corporation may apply to the secretary of state to become a certified nonprofit development corporation by submitting an application executed by an officer of the corporation containing:\na.The name of the corporation and the address of its principal executive office;\nb.The names and addresses of the officers and directors of the corporation; and\nc.A statement that the corporation has adopted a resolution to invest a majority of membership payments, dues, or contributions received in primary sector businesses. A copy of the resolution must be submitted with the application to the secretary of state together with the fees provided in section 10-33-140.\n3.Upon receipt by the secretary of state of the completed application and fee, the secretary of state shall certify the applicant as a certified nonprofit development corporation.","path":["Title 10 Corporations","Chapter 10-33 Nonprofit Corporations"],"source_url":"https://ndlegis.gov/cencode/t10c33.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"260738423d556857e549f6cfd87508626ef3bb6eb96493d8de7739dc5914f0f3","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-10-33-123","next":"us-nd/n.d.-cent.-code-10-33-125"},"notice":"GroundRules: Original legal text. Not legal advice."}