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North Dakota Century Code Title 10. Corporations § 10-19.1-76. Quorum of shareholders

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

1. Unless otherwise provided in the articles or bylaws, a quorum for a meeting of shareholders is the holders of a majority of the voting power of the shares entitled to vote at the meeting.

2. Except as provided in subdivision b, a quorum is necessary for the transaction of business at a meeting of shareholders.

a. If a quorum is not present, a meeting may be adjourned from time to time for that reason.

b. If a quorum has been present at a meeting and shareholders have withdrawn from the meeting so that less than a quorum remains, the shareholders still present may continue to transact business until adjournment.

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Cite this article: FindLaw.com - North Dakota Century Code Title 10. Corporations § 10-19.1-76. Quorum of shareholders - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-10-corporations/nd-cent-code-sect-10-19-1-76/

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