North Dakota § 10-35-15 Shareholder proposals of amendment of the articles

North Dakota Statutes

§ 10-35-15 — Shareholder proposals of amendment of the articles

North Dakota·Title 10 Corporations·Ch. 10-35 Publicly Traded Corporations

1.A proposal of an amendment of the articles of a publicly traded corporation by a shareholder or shareholders under subsection 2 of section 10-19.1-19 need not include more than:

a.The name of the shareholder or the names of the members of the group of shareholders;

b.A statement of the number of shares of each class owned beneficially or of record by the shareholder or group of shareholders and reasonable evidence of that ownership; and

c.The text of the proposed amendment.

2.The articles or bylaws of a publicly traded corporation may not impose any requirements on the proposal of an amendment of the articles by a shareholder.

3.An amendment proposed by a shareholder or shareholders pursuant to subsection 1 and approved by the shareholders does not need to be approved by the board

Free access — add to your briefcase to read the full text and ask questions with AI

1. A proposal of an amendment of the articles of a publicly traded corporation by a
shareholder or shareholders under subsection 2 of section 10-19.1-19 need not
include more than:
a. The name of the shareholder or the names of the members of the group of
shareholders;
b. A statement of the number of shares of each class owned beneficially or of record
by the shareholder or group of shareholders and reasonable evidence of that
ownership; and
c. The text of the proposed amendment.
2. The articles or bylaws of a publicly traded corporation may not impose any
requirements on the proposal of an amendment of the articles by a shareholder.
3. An amendment proposed by a shareholder or shareholders pursuant to subsection 1
and approved by the shareholders does not need to be approved by the board to be
adopted and become effective.

North Dakota § 10-35-15 (Shareholder proposals of amendment of the articles) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.