{"data":{"id":"us-nd/n.d.-cent.-code-10-35-25","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 10-35-25","heading":"Optional restrictions or prohibitions on poison pills","body":"1.A provision of the articles or bylaws of a publicly traded corporation may restrict or prohibit the corporation from adopting, creating, or issuing a poison pill. Such a provision may provide for the effect it has on a poison pill in force at the time of the provision's adoption.\n2.A provision of the articles or bylaws adopted pursuant to subsection 1 at a time when a publicly traded corporation has a poison pill in effect must be adopted by the affirmative vote of a majority of the outstanding shares entitled to vote on adoption of the provision. In every other instance, a provision of the articles or bylaws adopted pursuant to subsection 1 must be adopted by the affirmative vote of a majority of the votes cast by holders of shares entitled to vote on adoption of the provision.","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":"7af53a59f75d87cea9ca8640567e598370cf5d3faf987719cec5e93c8dcc4c9e","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-10-35-24","next":"us-nd/n.d.-cent.-code-10-35-26"},"notice":"GroundRules: Original legal text. Not legal advice."}