North Dakota § 10-33-26 Bylaws

North Dakota Statutes

§ 10-33-26 — Bylaws

North Dakota § 10-33-26

Title 10Corporations

Ch. 10-33Nonprofit Corporations

This text of North Dakota § 10-33-26 (Bylaws) 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 § 10-33-26 (2026).

Text

17.A corporation may establish committees of the board of directors, elect or appoint persons to the committees, and define their duties as provided in section 10-33-44 and fix their compensation.

18.A corporation may elect or appoint officers, employees, and agents of the corporation, and define their duties and fix their compensation.

19.A corporation may lend money to, guarantee an obligation of, become a surety for, or otherwise financially assist persons as provided in section 10-33-82.

20.A corporation may make advances to its directors, officers, and employees and those of its subsidiaries as provided in section 10-33-83.

21.A corporation shall indemnify those persons identified in section 10-33-84 against certain expenses and liabilities only as provided in section 10-33-84 an

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17. A corporation may establish committees of the board of directors, elect or appoint
persons to the committees, and define their duties as provided in section 10-33-44 and
fix their compensation.
18. A corporation may elect or appoint officers, employees, and agents of the corporation,
and define their duties and fix their compensation.
19. A corporation may lend money to, guarantee an obligation of, become a surety for, or
otherwise financially assist persons as provided in section 10-33-82.
20. A corporation may make advances to its directors, officers, and employees and those
of its subsidiaries as provided in section 10-33-83.
21. A corporation shall indemnify those persons identified in section 10-33-84 against
certain expenses and liabilities only as provided in section 10-33-84 and may
indemnify other persons.
22. A corporation may conduct all or part of its activities under one or more trade names
as provided in chapter 47-25.
23. A corporation may take, receive, and hold real and personal property, including the
principal and interest of money or other funds, that is given, conveyed, bequeathed,
devised to, or vested in the corporation in trust when the corporation or a related
organization has a vested or contingent interest in the trust.
24. Except when the trust instrument prescribes otherwise, a corporation may invest trust
property or its proceeds in accordance with chapters 59-09, 59-10, 59-11, 59-12,
59-13, 59-14, 59-15, 59-16, 59-17, 59-18, and 59-19.
25. A corporation may be a member of or the owner of the ownership interest in another
domestic or foreign organization.
26. A corporation may dissolve and wind up.
27. A corporation may merge and consolidate with other domestic or foreign nonprofit
corporations organized for related purposes.
28. A corporation conducting activities as a hospital may merge with a corporation
incorporated for profit and form a corporation under this chapter.
29. A corporation may acquire an owner's interest in another organization.
30. A corporation may have and exercise all other powers necessary or convenient to
effect any or all of the purposes for which the corporation is incorporated.