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47 chapters · 714 sections in this title.
N.D.C.C. § 10-35-23 Protection of power of current directors over poison pill
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A poison pill adopted, created, or issued by a publicly traded corporation, with or without the approval of its shareholders, may not include a provision that limits in any way the power of the board of directors, as it may be constituted at any point in time, to take any action …
N.D.C.C. § 10-35-24 Minimum share ownership triggering level for poison pills
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A poison pill adopted, created, or issued by a publicly traded corporation, with or without the approval of its shareholders, may not provide that beneficial ownership or announcement of an intention to seek beneficial ownership by a person or group of persons of shares equal to …
N.D.C.C. § 10-35-25 Optional restrictions or prohibitions on poison pills
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1. A provision of the articles or bylaws of a publicly traded corporation may restrict or prohibit the corporation from adopting, creating, or issuing a poison pill. Such a provision may provide for the effect it has on a poison pill in force at the time of the provision's adopti…
N.D.C.C. § 10-35-26 Adoption of antitakeover provisions
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1. The articles or bylaws of a publicly traded corporation may not contain an antitakeover provision unless it has been approved by the required vote. 2. As used in this section: a. Except as provided in subdivision b, "antitakeover provision" means a provision that: (1) Would bl…
