North Dakota Statutes

§ 10-33-83 — Advances

North Dakota·Title 10 Corporations·Ch. 10-33 Nonprofit Corporations
A corporation, without a vote of the directors or its members, may advance money to its directors, officers, employees, or agents to cover expenses that can reasonably be anticipated to be incurred by them in the performance of their duties and for which they would be entitled to reimbursement in the absence of an advance.

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