§ 1
The company's name shall be Centre for Northern Peoples AS / Davvi álbmogiid guovddáš OS.
§ 2
The company's business municipality is 1940 Gáivuotna/Kåfjord and the address is 9144 Samuelsberg
§ 3
The company's purpose is to develop, safeguard and promote Sami, indigenous and northern peoples' cultures based on the Sea Sami language.
The company will be a resource centre for actors working for the company's purpose at local, regional, national and international levels. The centre will make the cultures of northern peoples more accessible and contribute to increased knowledge and awareness of indigenous peoples.
§ 4
Financial surpluses from the company's activities shall be used in their entirety to promote the company's objectives, but in such a way that the company may recognise reserves within the applicable tax and accounting rules. The company shall not pay dividends to the shareholders.
§ 5
The company's share capital is NOK 4,360. 000,- divided into 2,800 shares of NOK 200 each, fully paid up and at par value.
§ 6
The shares are freely transferable, but are restricted to shareholders who, in the opinion of the Board of Directors, can help to promote the company's objectives. Pre-emptive rights for transfers of shares only apply to shareholders with 10% or greater ownership interest. All share transfers must be approved by the Board of Directors.
§ 7
The company's board of directors shall have five members, of which the parties are entitled to appoint one representative each. Personal deputy representatives shall be elected.
Board members shall have a two-year term of office. It is assumed that the procedures for the election of new board members are followed.
§ 8
The company's signature is held jointly by the Chairman of the Board and one Board member.
§ 9
General Meetings are convened in accordance with the provisions of the Companies Act.
The annual general meeting shall consider:
1. Approve the annual accounts and annual report.
2. Utilisation of profits or coverage of deficits in accordance with the adopted balance sheet.
3. Election of the board of directors, chairman and deputy chairman.
4. Determination of remuneration to the Board of Directors and auditor.
5. Other matters that, according to law, are the responsibility of the general meeting.
§ 10
Extraordinary General Meetings are convened when the Board of Directors or shareholders representing at least 1/10 of the share capital so request.
Extraordinary General Meetings only deal with the matters mentioned in the notice of the meeting.
§ 11
Proposals for amendments to the Articles of Association must be submitted to the Board of Directors no later than three months before the matter is to be considered at the general meeting and announced to the shareholders no later than one month before consideration.
§ 12
In the event of dissolution of the company, the company's assets shall be distributed to the owners in proportion to their ownership interest.
§ 13
Otherwise, reference is made to the applicable share legislation at any given time.