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Code · North Dakota · Title 10 · Chapter 10-30 — Development Corporations

10-30-10. Obligation limitation.

25 words·~1 min read·/nd/title-10/chapter-10-30-development-corporations/10-30-10·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

At no time shall the total obligations of the corporation exceed twenty times the amount of the paid-in capital and surplus, not including earned surplus.
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