North Dakota Code 10-35-13 – Call of special meeting of shareholders
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1. A publicly traded corporation shall hold a special meeting of shareholders upon the demand of its shareholders as provided in section 10-19.1-72, except that, regardless of the purpose for the meeting, the shareholders demanding the meeting must own beneficially ten percent or more of the voting power of all shares entitled to vote on each issue proposed to be considered at the special meeting.
Terms Used In North Dakota Code 10-35-13
- 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. The articles or bylaws of a publicly traded corporation may not restrict:
a. The period during which shareholders may call a special meeting of shareholders; or
b. The business that may be conducted at a special meeting.