North Dakota § 6-05-26 Increase in capital stock - Action by stockholders - Report to state banking board

North Dakota Statutes

§ 6-05-26 — Increase in capital stock - Action by stockholders - Report to state banking board

North Dakota § 6-05-26

Title 6Banks and Banking

Ch. 6-05Annuity, Safe Deposit, Surety, and Trust Companies

This text of North Dakota § 6-05-26 (Increase in capital stock - Action by stockholders - Report to state banking board) 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 § 6-05-26 (2026).

Text

board.
The capital stock of such a corporation may be increased from time to time by a majority
vote of its stockholders. Such action may be taken at any regularly called general or special
meeting held upon sixty days' notice, when in the notice of such meeting the object thereof has
been set out fully. No such increase of capital stock is valid unless paid in, in cash, and reported
to the state banking board in writing, verified by the oath of the president, secretary, or
managing officer of the corporation.

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board.
The capital stock of such a corporation may be increased from time to time by a majority
vote of its stockholders. Such action may be taken at any regularly called general or special
meeting held upon sixty days' notice, when in the notice of such meeting the object thereof has
been set out fully. No such increase of capital stock is valid unless paid in, in cash, and reported
to the state banking board in writing, verified by the oath of the president, secretary, or
managing officer of the corporation.