Obligation limitation

N.D. Cent. Code § 10-30-10
in effect
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10-30-10. Obligation limitation 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t10c30.pdf#nameddest=10-30-10Fetched: 10/16/2026

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