Telephone cooperatives - Sale of physical plant - Approval
N.D. Cent. Code § 49-21-13.1
in effect49-21-13.1. Telephone cooperatives - Sale of physical plant - Approval
No mutual aid cooperative or cooperative association that is a telecommunications
company as defined in section 49-21-01 may sell, transfer, or convey, within the period of any
single calendar year, physical plant in excess of five percent in value of the cooperative, based
upon the most recent audit of the books of the cooperative, unless consent has been obtained
by vote of not less than two-thirds of the entire membership of the cooperative cast at any
regular or special meeting called for that purpose, after notice in writing to all the membership of
the cooperative not less than twenty nor more than thirty days prior to the date of such meeting.
Nothing in this section prohibits the transfer of assets in exchange for physical plant of equal
monetary value to any public or private person or organization.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t49c21.pdf#nameddest=49-21-13p1Fetched: 10/16/2026