Statutes, codes, and regulations
North Dakota Century Code
Title 6 - BANKS AND BANKING
Chapter 6-03 - POWERS, MANAGEMENT, AND OPERATION OF BANKS
Section 6-03-26 - Meeting not required when all stockholders agree in writing to increase or reduction

N.D. Cent. Code § 6-03-26

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Current through 2024 Legislative Session
Section 6-03-26 - Meeting not required when all stockholders agree in writing to increase or 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.

N.D.C.C. § 6-03-26