N.D. Cent. Code § 10-19.1-75.3

Current through 2024 Legislative Session

Section 10-19.1-75.3 - Number of shareholders

1. The following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder:

a. Three or fewer co-owners;

b. A corporation, partnership, trust, estate, or other entity;

c. The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account; or

d. One data address.

2. Shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe the names represent the same person.

N.D.C.C. § 10-19.1-75.3

Added by S.L. 2019, ch. 94 (HB 1045),§ 9, eff. 8/1/2019.