North Dakota § 10-33-87 Plan approval

North Dakota Statutes

§ 10-33-87 — Plan approval

North Dakota § 10-33-87

Title 10Corporations

Ch. 10-33Nonprofit Corporations

This text of North Dakota § 10-33-87 (Plan approval) 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 § 10-33-87 (2026).

Text

1.A plan of merger or consolidation must be approved and adopted by each constituent corporation as provided in this section.

2.If a constituent corporation has members with voting rights with respect to mergers and consolidations as required by section 10-33-42, the board of directors of the corporation shall adopt a resolution by the affirmative vote of a majority of all directors approving a proposed plan of merger or consolidation and directing that the plan be submitted to a vote at a meeting of the members with voting rights. Notice of the meeting must be given to each member with voting rights, accompanied by a copy or summary of the proposed plan. Unless the articles or bylaws require a greater vote, the plan of merger or consolidation is adopted upon receiving the affirmative vo

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1. A plan of merger or consolidation must be approved and adopted by each constituent
corporation as provided in this section.
2. If a constituent corporation has members with voting rights with respect to mergers
and consolidations as required by section 10-33-42, the board of directors of the
corporation shall adopt a resolution by the affirmative vote of a majority of all directors
approving a proposed plan of merger or consolidation and directing that the plan be
submitted to a vote at a meeting of the members with voting rights. Notice of the
meeting must be given to each member with voting rights, accompanied by a copy or
summary of the proposed plan. Unless the articles or bylaws require a greater vote,
the plan of merger or consolidation is adopted upon receiving the affirmative vote of a
majority of the members with voting rights voting on the action.
3. When a constituent corporation does not have a member with voting rights and unless
the articles or bylaws require a greater vote, a plan of merger or consolidation is
adopted at a meeting of the board of directors of the corporation upon receiving the
affirmative votes of a majority of all directors. Notice of the meeting must be given to all
directors accompanied by a copy of the proposed plan of merger or consolidation.