North Dakota § 10-35-23 Protection of power of current directors over poison pill

North Dakota Statutes

§ 10-35-23 — Protection of power of current directors over poison pill

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

A poison pill adopted, created, or issued by a publicly traded corporation, with or without the
approval of its shareholders, may not include a provision that limits in any way the power of the
board of directors, as it may be constituted at any point in time, to take any action at any time
with respect to the poison pill, including without limitation what is commonly referred to as a
"dead hand", "no hand", or "slow hand" provision.

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

A poison pill adopted, created, or issued by a publicly traded corporation, with or without the
approval of its shareholders, may not include a provision that limits in any way the power of the
board of directors, as it may be constituted at any point in time, to take any action at any time
with respect to the poison pill, including without limitation what is commonly referred to as a
"dead hand", "no hand", or "slow hand" provision.

North Dakota § 10-35-23 (Protection of power of current directors over poison pill) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.