North Dakota § 10-15-30 Compensation and benefits to directors, officers, and employees

North Dakota Statutes

§ 10-15-30 — Compensation and benefits to directors, officers, and employees

North Dakota § 10-15-30

Title 10Corporations

Ch. 10-15Cooperative Associations

This text of North Dakota § 10-15-30 (Compensation and benefits to directors, officers, and employees) 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 § 10-15-30 (2026).

Text

1.Unless the bylaws provide otherwise, only the members may establish compensation or other benefits for a director, not available generally to officers and employees, for services as a director.

2.Unless the bylaws provide otherwise, for prior or future services of any officer or employee, the board may provide reasonable compensation, pension, bonuses, or other benefits to such officer or employee, and pension or other benefits to family members or beneficiaries of an officer or employee. No officer or employee who is a director may take part in the vote on that person's salary for services rendered the cooperative.

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1. Unless the bylaws provide otherwise, only the members may establish compensation
or other benefits for a director, not available generally to officers and employees, for
services as a director.
2. Unless the bylaws provide otherwise, for prior or future services of any officer or
employee, the board may provide reasonable compensation, pension, bonuses, or
other benefits to such officer or employee, and pension or other benefits to family
members or beneficiaries of an officer or employee. No officer or employee who is a
director may take part in the vote on that person's salary for services rendered the
cooperative.