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

North Dakota § 10-35-15

• Jurisdiction: North Dakota
• Title 10: Corporations
• Ch. 10-35: Publicly Traded Corporations

Text

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.