North Dakota Code 10-33-33 – Classification of directors
Current as of: 2023 | Check for updates
|
Other versions
1. Except as provided in subsection 2, directors may be divided into classes.
Terms Used In North Dakota Code 10-33-33
- 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. Directors of a corporation described in subsection 1 of section 10-33-122 may not vote by class except when the articles or bylaws provide that only one class of directors may vote on a particular matter.