N.D. Cent. Code § 10-19.1-90
Current through 2024 Legislative Session
A corporation may, without a vote of the directors or its shareholders, advance money to its shareholders who provide services, directors, officers, or employees to cover expenses that can reasonably be anticipated to be incurred by them in the performance of their duties and for which they would be entitled to reimbursement in the absence of an advance.
N.D.C.C. § 10-19.1-90