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Current as of January 01, 2024 | Updated by FindLaw Staff
1. As provided in this section, dissolution proceedings begun under section 10-33-98 may be revoked before the articles of dissolution are filed.
2. The board may adopt a resolution revoking the proposed dissolution by the affirmative vote of a majority of all directors. If there are members with voting rights, the resolution must be submitted to the members under subsection 3.
3. Written notice must be given to the members with voting rights within the time and in the manner provided in section 10-33-68 for notice of meetings of members and must state that a purpose of the meeting is to consider the advisability of revoking the dissolution proceedings.
a. The proposed revocation must be submitted to the members at the meeting.
b. If the proposed revocation is approved by the members with voting rights, the dissolution proceedings are revoked.
4. Revocation of dissolution proceedings is effective when a notice of revocation is filed with the secretary of state.
a. After the notice is filed, the corporation may resume its activities.
b. If notice to the attorney general has been given under section 10-33-122, the notice of revocation also must be given to the attorney general on or before the time that it is filed with the secretary of state.
Cite this article: FindLaw.com - North Dakota Century Code Title 10. Corporations § 10-33-104. Revocation of dissolution proceedings - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-10-corporations/nd-cent-code-sect-10-33-104/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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