North Dakota Statutes

§ 10-15-14 — Promotion expense - Limitation

North Dakota § 10-15-14
JurisdictionNorth Dakota
Title 10Corporations
Ch. 10-15Cooperative Associations

This text of North Dakota § 10-15-14 (Promotion expense - Limitation) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.D. Cent. Code § 10-15-14 (2026).

Text

No cooperative funds may be used, nor any stock issued, in payment of any promotion expenses in excess of ten percent of the paid-up capital stock or membership fees. No commission or expenses shall be paid on the sale of stock in excess of ten percent of the par value thereof, and the commission or expense shall be added to the selling price of the stock.

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Bluebook (online)
North Dakota § 10-15-14, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/10-15-14.