1.    After fixing a record date for notice of and voting at a meeting, a corporation shall prepare an alphabetical or numerical list of the identities of all its shareholders entitled to notice and to vote. The list must show:

Terms Used In North Dakota Code 10-19.1-73.3

  • 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.
  • written: include "typewriting" and "typewritten" and "printing" and "printed" except in the case of signatures and when the words are used by way of contrast to typewriting and printing. See North Dakota Code 1-01-37

a.    The number of shares each shareholder is entitled to vote at the meeting; b.    Each shareholder’s physical mailing address, if the identity of a shareholder on the list consists of the shareholder’s name; and

c.    Each shareholder’s authorized means of receipt for electronic transmissions, if the identity of a shareholder on the list consists of the shareholder’s data address.

2.    The list of shareholders must be available for inspection by a shareholder with voting rights for the purpose of communication with other shareholders concerning the meeting, beginning two business days after the meeting notice is given and continuing through the meeting, at the principal executive office of the corporation or at a reasonable place identified in the meeting notice in the city where the meeting will be held.

a.    The list must also be available at the meeting.

b.    A shareholder or a shareholder’s agent or attorney is entitled on written demand to inspect and to copy the list, at a reasonable time and at the shareholder’s expense, during the period it is available for inspection and at any time during the meeting or an adjournment.

3.    If the corporation refuses to allow a shareholder with voting rights, or the shareholder’s agent or attorney, to inspect the list of shareholders before or at the meeting, the district court of the county where the principal executive office of the corporation is located, on application of the shareholder, may:

a.    Order the inspection or copying at the corporation’s expense; b.    Postpone the meeting until the inspection or copying is complete; or

c.    Order the corporation to pay the shareholder’s costs, including reasonable attorney’s fees, incurred to obtain the order.

4.    Unless a written demand to inspect and copy a shareholder list has been made under subsection 2 before the shareholder meeting and a corporation improperly refuses to comply with the demand, refusal or failure to comply with this section does not affect the validity of action taken at the meeting.

5.    A shareholder or a shareholder’s agent or attorney who gains access to a shareholder list under this section may not use or give it to another for use of the shareholder list for any purpose other than a proper purpose. Upon application of the corporation, the district court may issue a protective order or order other relief necessary to enforce this subsection.