North Dakota Code 10-35-05 – Amendment of the bylaws
Current as of: 2023 | Check for updates
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1. Any shareholder of a publicly traded corporation may propose the adoption, amendment, or repeal of a bylaw.
Terms Used In North Dakota Code 10-35-05
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
2. Subdivision c of subsection 3 of section 10-19.1-31 shall not apply to a publicly traded corporation except that a provision of the articles or bylaws authorized by section 10-35-14 may apply to a proposal to adopt, amend, or repeal a bylaw.