North Dakota § 10-15-22 Stock subscriptions - Liability

North Dakota Statutes

§ 10-15-22 — Stock subscriptions - Liability

North Dakota § 10-15-22

Title 10Corporations

Ch. 10-15Cooperative Associations

This text of North Dakota § 10-15-22 (Stock subscriptions - Liability) 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 § 10-15-22 (2026).

Text

A subscription for stock of a cooperative is irrevocable for six months unless otherwise
provided by the subscription agreement or unless all subscribers consent to the revocation.
A stockholder or subscriber is under no obligation to any person with respect to the
stockholder's or subscriber's stock or subscription other than the obligation to pay to the
cooperative the full consideration for which such stock was to be issued.

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A subscription for stock of a cooperative is irrevocable for six months unless otherwise
provided by the subscription agreement or unless all subscribers consent to the revocation.
A stockholder or subscriber is under no obligation to any person with respect to the
stockholder's or subscriber's stock or subscription other than the obligation to pay to the
cooperative the full consideration for which such stock was to be issued.