North Dakota § 10-31-06 Executives and owners

North Dakota Statutes

§ 10-31-06 — Executives and owners

North Dakota § 10-31-06

Title 10Corporations

Ch. 10-31Professional Organizations Act

This text of North Dakota § 10-31-06 (Executives and owners) 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 § 10-31-06 (2026).

Text

1.An individual may not simultaneously be an executive or owner of more than one professional organization rendering the same professional service.

2.A professional organization in the form of a corporation which has only one shareholder need have only one director, who must be the shareholder. That individual also shall serve as the president and treasurer of the corporation. The other officers of the corporation need not be licensed or otherwise legally authorized in the same field of endeavor as the president.

3.A retired individual may not continue as an executive or owner of a professional organization.

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1. An individual may not simultaneously be an executive or owner of more than one
professional organization rendering the same professional service.
2. A professional organization in the form of a corporation which has only one
shareholder need have only one director, who must be the shareholder. That individual
also shall serve as the president and treasurer of the corporation. The other officers of
the corporation need not be licensed or otherwise legally authorized in the same field
of endeavor as the president.
3. A retired individual may not continue as an executive or owner of a professional
organization.