ND Corporate Law May Bring New Revenue To State

DALE WETZEL

BISMARCK, N.D. (AP) — Aside from the prospect of increasing North Dakota's profile in the business world, a state law on corporate organization offers a potential source of new revenue.

The law makes it easier for shareholders of publicly traded corporations to contest actions by a company's board of directors and air their views about management compensation.

American Railcar Industries Inc., a Missouri company that manufactures and repairs railroad cars, is expected to switch its corporate home to North Dakota later this month, Secretary of State Al Jaeger says. ...