North Dakota § 10-33-85 Merger, consolidation, or transfer

North Dakota Statutes

§ 10-33-85 — Merger, consolidation, or transfer

North Dakota § 10-33-85

Title 10Corporations

Ch. 10-33Nonprofit Corporations

This text of North Dakota § 10-33-85 (Merger, consolidation, or transfer) 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 § 10-33-85 (2026).

Text

3.For purposes of this section:

a.A director does not have a material financial interest in a resolution fixing the compensation of the director or fixing the compensation of another director as a director, officer, employee, or agent of the corporation, even though the first director is also receiving compensation from the corporation;

b.A director has a material financial interest in an organization in which the director, or a member of the family of the director, has a material financial interest; and

c.A "member of the family" of a director is a spouse, parent, child, child of a spouse, brother, sister, or the spouse of any of them.

4.The procedures described under subdivisions a, b, and c of subsection 2 are not required if the contract or other transaction is between related org

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3. For purposes of this section:
a. A director does not have a material financial interest in a resolution fixing the
compensation of the director or fixing the compensation of another director as a
director, officer, employee, or agent of the corporation, even though the first
director is also receiving compensation from the corporation;
b. A director has a material financial interest in an organization in which the director,
or a member of the family of the director, has a material financial interest; and
c. A "member of the family" of a director is a spouse, parent, child, child of a
spouse, brother, sister, or the spouse of any of them.
4. The procedures described under subdivisions a, b, and c of subsection 2 are not
required if the contract or other transaction is between related organizations.