North Dakota Code 6-08-11 – Punishment for violation of duty by director of moneyed corporation – Penalty
Current as of: 2023 | Check for updates
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Every director of any moneyed association or corporation who willfully does any act as such director which is expressly forbidden by law, or who willfully omits to perform any duty by law expressly imposed upon the director as such director, if the punishment for such act or omission is not prescribed otherwise by this code, is guilty of a class B misdemeanor.
Attorney's Note
Under the North Dakota Code, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class B misdemeanor | up to 30 days | up to $1,500 |
Terms Used In North Dakota Code 6-08-11
- 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.