North Dakota Century Code Title 10. Corporations § 10-35-24. Minimum share ownership triggering level for poison pills

1. A distribution or distribution date for rights certificates or other securities as defined in subdivision d of subsection 5 of section 10-35-02;

2. The person or group of persons becoming what is commonly referred to as an “acquiring person” or “adverse person” or otherwise having the status of a person intended to be diluted or subject to dilution by the poison pill;

3. What is commonly referred to as a “flip-in” or “flip-over” event or the poison pill otherwise being triggered or becoming operative; or

4. The poison pill otherwise having a dilutive, discriminatory, or other adverse effect on the person or group of persons.