North Dakota § 49-21-13.1 Telephone cooperatives - Sale of physical plant - Approval

North Dakota Statutes

§ 49-21-13.1 — Telephone cooperatives - Sale of physical plant - Approval

North Dakota § 49-21-13.1

Title 49Public Utilities

Ch. 49-21Telecommunications Companies

This text of North Dakota § 49-21-13.1 (Telephone cooperatives - Sale of physical plant - Approval) 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 § 49-21-13.1 (2026).

Text

No mutual aid cooperative or cooperative association that is a telecommunications
company as defined in section 49-21-01 may sell, transfer, or convey, within the period of any
single calendar year, physical plant in excess of five percent in value of the cooperative, based
upon the most recent audit of the books of the cooperative, unless consent has been obtained
by vote of not less than two-thirds of the entire membership of the cooperative cast at any
regular or special meeting called for that purpose, after notice in writing to all the membership of
the cooperative not less than twenty nor more than thirty days prior to the date of such meeting.
Nothing in this section prohibits the transfer of assets in exchange for physical plant of equal
monetary value to any public or private pers

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No mutual aid cooperative or cooperative association that is a telecommunications
company as defined in section 49-21-01 may sell, transfer, or convey, within the period of any
single calendar year, physical plant in excess of five percent in value of the cooperative, based
upon the most recent audit of the books of the cooperative, unless consent has been obtained
by vote of not less than two-thirds of the entire membership of the cooperative cast at any
regular or special meeting called for that purpose, after notice in writing to all the membership of
the cooperative not less than twenty nor more than thirty days prior to the date of such meeting.
Nothing in this section prohibits the transfer of assets in exchange for physical plant of equal
monetary value to any public or private person or organization.