North Dakota Code 10-19.1-75.3 – Number of shareholders
Current as of: 2023 | Check for updates
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1. The following identified as a shareholder in a corporation‘s current record of shareholders constitutes one shareholder:
Terms Used In North Dakota Code 10-19.1-75.3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
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.