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North Dakota Century Code Title 10. Corporations § 10-19.1-52. Officers

Current as of January 01, 2024 | Updated by Findlaw Staff

1. The officers of a corporation must be individuals who are eighteen years of age or more, exercising the functions of the offices and:

a. Must consist of a president, a secretary, and a treasurer, however designated; and

b. May also include one or more vice presidents and any other officers, however designated, as may be provided in the bylaws.

2. Unless the articles or the bylaws provide that the shareholders with voting rights may elect the officers:

a. Each officer must be elected by the board at the time and in the manner as may be provided in the bylaws; or

b. To the extent authorized in the articles, the bylaws, or a resolution approved by the affirmative vote of a majority of the directors present, the president may appoint one or more officers, other than the treasurer.

3. Unless otherwise provided, president means chief executive officer and treasurer means chief financial officer.

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Cite this article: FindLaw.com - North Dakota Century Code Title 10. Corporations § 10-19.1-52. Officers - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-10-corporations/nd-cent-code-sect-10-19-1-52/

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