North Dakota Code 10-33-26 – Bylaws
1. A corporation may, but need not, have bylaws. Bylaws may contain any provision relating to the management or regulation of the affairs of the corporation consistent with law or the articles, including:
Terms Used In North Dakota Code 10-33-26
- 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.
- following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
- Quorum: The number of legislators that must be present to do business.
a. The number of directors, and the qualifications, manner of election, powers, duties, and compensation, if any, of directors; b. The qualifications of members; c. Different classes of membership; d. The manner of admission, withdrawal, suspension, and expulsion of members; e. Property, voting, and other rights and privileges of members; f. The appointment and authority of committees; g. The appointment or election, duties, compensation, and tenure of officers; h. The time, place, and manner of calling, conducting, and giving notice of member, board, and committee meetings, or of conducting mail ballots; i. The making of reports and financial statements to members; or
j. The number establishing a quorum for meetings of members and the board.
2. Unless reserved by the articles to members with voting rights, initial bylaws may be adopted by a majority of the incorporators or by the first board pursuant to section 10-33-25. Unless reserved by the articles to the members with voting rights, the power to adopt, amend, or repeal the bylaws is vested in the board. The power of the board is subject to the power of the members with voting rights exercisable in the manner provided in subsection 3 to adopt, amend, or repeal bylaws adopted, amended, or repealed by the board.
3. The bylaws may be amended in the manner provided in the articles or bylaws.
a. In the absence of such a provision, the following bylaws amendments are subject to approval by the members with voting rights:
(1) Fixing a quorum for meetings of members; (2) Prescribing procedures for:
(a) Removing directors; (b) Filling vacancies in the board; and
(c) Fixing the number of directors or their classifications, qualifications, or terms of office; (3) Removing or adding members; or
(4) Increasing or decreasing the vote required for member action.
b. The board may adopt or amend a bylaw provision to increase the number of directors with the approval of the members with voting rights.
4. Unless the articles or bylaws provide otherwise, at least fifty members with voting rights or ten percent of the members with voting rights, whichever is less, may propose a resolution for action by the members to adopt, amend, or repeal bylaws adopted, amended, or repealed by the board.
a. The resolution must contain the provisions proposed for adoption, amendment, or repeal.
b. The limitations and procedures for submitting, considering, and adopting the resolution are the same as provided in section 10-33-15, for amendment of the articles, except that board approval is not required.