North Dakota Code 10-30.5-06 – Divestiture
Current as of: 2023 | Check for updates
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The board of directors shall establish a policy for divesting the corporation‘s interest in any business when certain levels of profitability are obtained.
Terms Used In North Dakota Code 10-30.5-06
- 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.