North Dakota § 10-33-37 Removal of directors by judicial proceeding

North Dakota Statutes

§ 10-33-37 — Removal of directors by judicial proceeding

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

1.The district court of the county in which the principal executive office of a corporation is located may remove any director of the corporation from office in a proceeding commenced either by the corporation, its members holding at least ten percent of the voting power of any class of shares, or the attorney general, if the court finds:

a.The director engaged in fraudulent or dishonest conduct, or gross abuse of authority or discretion, with respect to the corporation;

b.That the provisions of subsection 2 of section 10-33-27 have been violated; or

c.Final judgment has been entered finding the director has violated section

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1. The district court of the county in which the principal executive office of a corporation is
located may remove any director of the corporation from office in a proceeding
commenced either by the corporation, its members holding at least ten percent of the
voting power of any class of shares, or the attorney general, if the court finds:
a. The director engaged in fraudulent or dishonest conduct, or gross abuse of
authority or discretion, with respect to the corporation;
b. That the provisions of subsection 2 of section 10-33-27 have been violated; or
c. Final judgment has been entered finding the director has violated section

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