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Current as of January 01, 2024 | Updated by FindLaw Staff
1. A member of a corporation is not, as such, personally liable for the acts, debts, liabilities, or obligations of the corporation.
2. When authority to do so is conferred by the articles or bylaws and subject to any limitations, a corporation may levy dues, assessments, or fees upon its members.
a. The dues, assessments, or fees may be imposed upon all classes of members alike or differently upon different classes of members.
b. Members of one or more classes may be exempted.
3. Articles or bylaws may:
a. Fix the amount of the levy and the method of collection of dues, assessments, or fees;
b. Authorize the directors to fix the amount from time to time and determine the methods of collection;
c. Provide for enforcement or collection of dues, assessments, or fees;
d. Provide for cancellation of membership, on reasonable notice, for nonpayment of dues, assessments, or fees; or
e. Provide for reinstatement of membership.
Cite this article: FindLaw.com - North Dakota Century Code Title 10. Corporations § 10-33-60. Liability of members--Third parties--Dues, assessments, or fees - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-10-corporations/nd-cent-code-sect-10-33-60/
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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