Opinion ID: 2031306
Heading Depth: 1
Heading Rank: 7

Heading: authority to appoint monitor and restrict defendants' operation of the bank

Text: The defendants also challenge various other aspects of the judgment, including the court's authority to appoint a Court Monitor, the amount of compensation paid to the monitor, the limitation placed upon LaVerne Gaarder's salary, and the exclusion from the Bank premises of Roger Vorachek and W.J. Vorachek. Section 10-21-16(1)(b) and (d), N.D.C.C., [4] grants the court authority to dissolve a corporation when there has been illegal, oppressive, or fraudulent conduct by those in control, or if corporate assets are being misapplied or wasted:  10-21-16. Jurisdiction of court to liquidate assets and business of corporation. The district courts of the state of North Dakota shall have full power to liquidate the assets and business of a corporation: 1. In an action by a shareholder when any of the following is established: