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 § 10-35-23

Title 10Corporations

Ch. 10-35Publicly Traded Corporations

This text of North Dakota § 10-35-23 (Protection of power of current directors over poison pill) 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 § 10-35-23 (2026).

Text

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.

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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.