HB1045 — AN ACT to create and enact subsection 16 to section 9‑16‑01, section 9‑16‑19, a new section to chapter 10‑19.1, and section 10‑32.1‑102 of the North Dakota Century Code, relating to electronic transaction definitions, blockchain technology and smart contracts, number of shareholders, and series limited liability companies; to amend and reenact sections 9‑16‑02, 10‑06.1‑17, 10‑19.1‑01, and 10‑19.1‑01.2, subsection 6 of section 10‑19.1‑66, subsection 1 of section 10‑19.1‑73.3, sections 10‑19.1‑76.3 and 10‑19.1‑81, subsections 1, 2, and 11 of section 10‑19.1‑84, subsection 1 of section 10‑19.1‑110, subsection 2 of section 10‑19.1‑146, and subsection 2 of section 10‑35‑28 of the North Dakota Century Code, relating to electronic transactions, filing of an annual report by corporations engaged in farming or ranching, Business Corporation Act definitions, knowledge and notice, share certificates, corporate voting list and voting trusts, acceptance of shareholder act by the corporation, corporate records, corporate dissolution procedure, and the filing of an annual report by a publicly traded corporation; and to provide an effective date.

HB1045 — AN ACT to create and enact subsection 16 to section 9‑16‑01, section 9‑16‑19, a new section to chapter 10‑19.1, and section 10‑32.1‑102 of the North Dakota Century Code, relating to electronic transaction definitions, blockchain technology and smart contracts, number of shareholders, and series limited liability companies; to amend and reenact sections 9‑16‑02, 10‑06.1‑17, 10‑19.1‑01, and 10‑19.1‑01.2, subsection 6 of section 10‑19.1‑66, subsection 1 of section 10‑19.1‑73.3, sections 10‑19.1‑76.3 and 10‑19.1‑81, subsections 1, 2, and 11 of section 10‑19.1‑84, subsection 1 of section 10‑19.1‑110, subsection 2 of section 10‑19.1‑146, and subsection 2 of section 10‑35‑28 of the North Dakota Century Code, relating to electronic transactions, filing of an annual report by corporations engaged in farming or ranching, Business Corporation Act definitions, knowledge and notice, share certificates, corporate voting list and voting trusts, acceptance of shareholder act by the corporation, corporate records, corporate dissolution procedure, and the filing of an annual report by a publicly traded corporation; and to provide an effective date. · Informed CitizenryHB1045 amends the North Dakota Century Code to incorporate blockchain technology and smart contracts into the legal framework for electronic transactions. It defines blockchain technology as a dist…Open in Informed Citizenry