Loading chat...
ND SB2266
Bill
Status
4/1/2013
Primary Sponsor
David Hogue
Click for details
AI Summary
-
Allows corporations, cooperatives, limited liability companies, and nonprofits to change their principal executive office address by reporting the change on annual reports rather than filing formal amendments to articles of incorporation.
-
Modifies definitions and filing requirements for articles of incorporation and organization across multiple business entity types to clarify provisions regarding registered agents and principal office addresses.
-
Expands involuntary dissolution grounds for non-publicly held corporations and allows courts to order share buyouts in disputes rather than requiring full dissolution.
-
Permits changes to principal office addresses for real estate investment trusts to be reported in annual filings instead of requiring formal registration amendments.
-
Clarifies that nonprofits with only principal office address changes do not need to file formal amendments if the change is reported on the next annual report.
Legislative Description
Cooperative association of articles of incorporation and address of the principal office, business corporation definitions, articles of incorporation, amendment of articles of incorporation, involuntary dissolution, limited liability company articles of organization and amendment of the articles of organization, nonprofit corporation articles of incorporation and amendment of articles of incorporation, and contents of the registration a real estate investment trust.
Last Action
Signed by Governor 04/01
4/1/2013