North Dakota § 10-33-119 Effect of extension

North Dakota Statutes

§ 10-33-119 — Effect of extension

North Dakota·Title 10 Corporations·Ch. 10-33 Nonprofit Corporations

Filing with the secretary of state of articles of amendment extending the period of duration of a corporation:

1.Relates back to the date of expiration of the original period of duration of the corporation as provided in the articles;

2.Validates contracts or other acts within the authority of the articles, and the corporation is liable for those contracts or acts; and

3.Restores to the corporation all the assets and rights of the corporation to the extent they were held by the corporation before expiration of its original period of duration, except those sold or otherwise distributed after that time.

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Filing with the secretary of state of articles of amendment extending the period of duration
of a corporation:
1. Relates back to the date of expiration of the original period of duration of the
corporation as provided in the articles;
2. Validates contracts or other acts within the authority of the articles, and the corporation
is liable for those contracts or acts; and
3. Restores to the corporation all the assets and rights of the corporation to the extent
they were held by the corporation before expiration of its original period of duration,
except those sold or otherwise distributed after that time.

North Dakota § 10-33-119 (Effect of extension) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.