Chapter

Organization and Operation of Domestic Companies

N.D. Cent. Code § 26.1-05-01— General powers and duties of domestic company
N.D. Cent. Code § 26.1-05-02— Organization of domestic stock company - Number of persons required - Authorized lines
N.D. Cent. Code § 26.1-05-02.1— Authority to define products
N.D. Cent. Code § 26.1-05-03— Organization of domestic mutual life company - Number of organizers required
N.D. Cent. Code § 26.1-05-04— Capital stock and surplus requirements of domestic stock company - Exceptions
N.D. Cent. Code § 26.1-05-05— Qualification of directors - Residence requirements of directors and executive officers
N.D. Cent. Code § 26.1-05-06— Articles of incorporation - Contents - Filing - Company name
N.D. Cent. Code § 26.1-05-07— Examination of articles by commissioner - Certificate - Filing
N.D. Cent. Code § 26.1-05-07.1— Approval of the domestic insurer - Premium waiver
N.D. Cent. Code § 26.1-05-07.2— Effects of redomestication
N.D. Cent. Code § 26.1-05-07.3— Conversion to foreign insurer
N.D. Cent. Code § 26.1-05-08— Stock subscriptions
N.D. Cent. Code § 26.1-05-09— Commissioner authorized to regulate solicitation of proxies
N.D. Cent. Code § 26.1-05-10— Equity security defined
N.D. Cent. Code § 26.1-05-11— Statement of ownership required
N.D. Cent. Code § 26.1-05-12— Gains to benefit company - Suit to recover
N.D. Cent. Code § 26.1-05-13— Conditions of sale
N.D. Cent. Code § 26.1-05-14— Exceptions
N.D. Cent. Code § 26.1-05-15— Rulemaking authority - Liability
N.D. Cent. Code § 26.1-05-16— Capital stock reduced - Examination and certificate of commissioner
N.D. Cent. Code § 26.1-05-17— Transfer of stock pending examination - Liability
N.D. Cent. Code § 26.1-05-18— Investment of funds must be authorized by directors - Prohibited investment practices
N.D. Cent. Code § 26.1-05-19— Authorized investment of funds of insurance companies
N.D. Cent. Code § 26.1-05-19.1— Call options - Financial futures contracts
N.D. Cent. Code § 26.1-05-20— Limitation on purchase and conveyance of real property
N.D. Cent. Code § 26.1-05-21— Real property acquired by domestic company - When sale required
N.D. Cent. Code § 26.1-05-22— Liabilities of officers and directors of domestic company
N.D. Cent. Code § 26.1-05-23— Domestic life insurance company to deposit securities with commissioner
N.D. Cent. Code § 26.1-05-24— Commissioner may examine books and securities of domestic life insurance company
N.D. Cent. Code § 26.1-05-25— Securities may be exchanged - Withdrawal of securities
N.D. Cent. Code § 26.1-05-26— Dividends on securities property of company
N.D. Cent. Code § 26.1-05-27— Certificate of compliance with security deposit law - Issuance - Renewal - Attachment to policies
N.D. Cent. Code § 26.1-05-28— Securities vest in policyholders on default of domestic life insurance company
N.D. Cent. Code § 26.1-05-29— Nonapplicability of reserve deposit provisions to fraternal benefit societies
N.D. Cent. Code § 26.1-05-30— Disbursements by domestic life insurance company to be made on voucher - Requirements
N.D. Cent. Code § 26.1-05-31— Salaries and expenses of officers and agents of domestic life insurance company - Restrictions
N.D. Cent. Code § 26.1-05-32— Impairment of capital or surplus of domestic life insurance company - Determination of deficiency - Notice not to issue policies
N.D. Cent. Code § 26.1-05-33— Dividends to be paid by domestic fire insurance company from surplus profits only - Compensation
N.D. Cent. Code § 26.1-05-34— Reciprocal states - Restrictions on domestic companies - Exceptions
N.D. Cent. Code § 26.1-05-35— Participation in clearing corporations and book entry systems - Rulemaking authority