{"data":{"id":"us-nd/n.d.-cent.-code-10-35-07","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 10-35-07","heading":"Nomination of directors","body":"1.A publicly traded corporation may not require a shareholder or beneficial owner of shares to provide notice of an intention to nominate a candidate for election as a director except as provided in a provision of the articles or bylaws that satisfies the requirements of this section.\n2.A provision of the articles or bylaws of a publicly traded corporation requiring a shareholder or beneficial owner to provide notice of an intention to nominate a candidate for election as a director may not require the notice to include more than:\na.The name of the shareholder or beneficial owner;\nb.A statement that the shareholder or beneficial owner is the beneficial owner of one or more shares in the corporation and reasonable evidence of that ownership; and\nc.The number of candidates the shareholder or beneficial owner intends to nominate.\n3.Any deadline fixed by the articles or bylaws for submission by a shareholder or beneficial owner of a notice of intention to nominate a candidate for election as a director may not be earlier than:\na.In the case of a meeting held within five business days before or after the anniversary of the previous year's regular meeting, ninety days before the anniversary date of the prior regular meeting; or\nb.In the case of a meeting not held within five business days before or after the anniversary of the previous year's regular meeting ninety days before the date of the meeting.\n4.A provision of the articles or bylaws requiring a shareholder or beneficial owner to provide notice of an intention to nominate a candidate for election as a director must provide a period of at least twenty days during which the shareholder or beneficial owner may submit the notice to the public corporation.\n5.The adoption or amendment of a bylaw requiring advance notice of nominations may not take effect in the one hundred twenty-day period before the next meeting of shareholders, unless the adoption or amendment of the bylaw has been approved by the shareholders.","path":["Title 10 Corporations","Chapter 10-35 Publicly Traded Corporations"],"source_url":"https://ndlegis.gov/cencode/t10c35.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"4fc67454080102f6e84a98879055ec0db22d4daf37d19c46618193b4ba526b01","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-10-35-06","next":"us-nd/n.d.-cent.-code-10-35-08"},"notice":"GroundRules: Original legal text. Not legal advice."}