North Dakota § 10-35-11 Supermajority provisions prohibited

North Dakota Statutes

§ 10-35-11 — Supermajority provisions prohibited

North Dakota § 10-35-11

Title 10Corporations

Ch. 10-35Publicly Traded Corporations

This text of North Dakota § 10-35-11 (Supermajority provisions prohibited) 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 § 10-35-11 (2026).

Text

Neither the articles nor the bylaws of a publicly traded corporation may provide a quorum or voting requirement:

1.For the board or a committee of the board that is greater than a majority of the number of directors that would constitute the full board or committee assuming there are no vacancies; or

2.For shareholders that is greater than a majority of the voting power of the shares entitled to vote on the item of business or, in the case of a class or series entitled to vote as a separate group, a majority of the voting power of the outstanding shares of the class or series.

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Neither the articles nor the bylaws of a publicly traded corporation may provide a quorum or
voting requirement:
1. For the board or a committee of the board that is greater than a majority of the
number of directors that would constitute the full board or committee assuming there
are no vacancies; or
2. For shareholders that is greater than a majority of the voting power of the shares
entitled to vote on the item of business or, in the case of a class or series entitled to
vote as a separate group, a majority of the voting power of the outstanding shares of
the class or series.