North Dakota Code 10-31-07.1 – Retirement plan trust – Voting and nonvoting shares
Current as of: 2023 | Check for updates
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A professional corporation may establish a retirement plan trust which allows the corporation to contribute nonvoting shares for nonlicensed employees and voting shares for licensed employees.
Terms Used In North Dakota Code 10-31-07.1
- 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.