North Dakota § 6-03-26 Meeting not required when all stockholders agree in writing to increase or reduction

North Dakota Statutes

§ 6-03-26 — Meeting not required when all stockholders agree in writing to increase or reduction

North Dakota·Title 6 Banks and Banking·Ch. 6-03 Powers, Management, and Operation of Banks

reduction.
If all the stockholders of an association agree in writing to an increase or reduction in its
capital stock, no meeting need be called for the purpose of effecting the increase or reduction.
The directors shall file such written agreement, together with the certificate required under
sections 6-03-23 and 6-03-24, with the secretary of state, who thereupon shall issue the
secretary of state's certificate that the provisions of this title have been complied with.

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reduction.
If all the stockholders of an association agree in writing to an increase or reduction in its
capital stock, no meeting need be called for the purpose of effecting the increase or reduction.
The directors shall file such written agreement, together with the certificate required under
sections 6-03-23 and 6-03-24, with the secretary of state, who thereupon shall issue the
secretary of state's certificate that the provisions of this title have been complied with.

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