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Current as of January 01, 2024 | Updated by Findlaw Staff
1. A corporation whose period of duration as provided in the articles has expired and which has continued to operate despite that expiration may reinstate its articles and extend the period of corporate duration, including making the duration perpetual, within one year after the date of expiration by filing an amendment to the articles as set forth in this section.
2. An amendment to the articles must be approved by the board and must include:
a. The date on which the period of duration expired under the articles;
b. A statement that the period of duration will be perpetual or, if some shorter period is to be provided, the date to which the period of duration is extended;
c. A statement that the corporation has been in continuous operation since before the date of expiration of its original period of duration; and
d. A name change if the name of the corporation has been adopted for use or reserved by another person.
3. If the corporation has a member with voting rights, the amendment to the articles must be presented, after notice, to a meeting of the members with voting rights. The amendment is adopted when approved by the members with voting rights pursuant to section 10-33-15.
4. Articles of amendment conforming to section 10-33-16, together with any fees and delinquent filings and reports, must be filed with the secretary of state.
Cite this article: FindLaw.com - North Dakota Century Code Title 10. Corporations § 10-33-118. Extension after duration expired - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-10-corporations/nd-cent-code-sect-10-33-118/
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 before relying on it for your legal needs.
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