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Current as of January 01, 2024 | Updated by Findlaw Staff
Neither the articles nor the bylaws of a publicly traded corporation may provide a quorum or voting requirement:
1. For the board or a committee of the board that is greater than a majority of the number of directors that would constitute the full board or committee assuming there are no vacancies; or
2. For shareholders that is greater than a majority of the voting power of the shares entitled to vote on the item of business or, in the case of a class or series entitled to vote as a separate group, a majority of the voting power of the outstanding shares of the class or series.
Cite this article: FindLaw.com - North Dakota Century Code Title 10. Corporations § 10-35-11. Supermajority provisions prohibited - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-10-corporations/nd-cent-code-sect-10-35-11/
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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