N.D. Cent. Code § 10-15-21
Current through 2023 Legislative Sessions
No stock certificate may be issued except upon payment of at least the par value of the stock it represents. No cooperative may issue stock or bonds except for money, labor done, or money or property actually received. All fictitious increases of stock or indebtedness are void. If payment for stock is not in money, the board shall determine the value of the consideration and the determination, if made in good faith, is conclusive.
Each certificate for stock must bear the manual or facsimile signature of a principal officer and must state:
N.D.C.C. § 10-15-21