GroundRules
N.C. Gen. Stat. § 54-109.30: Liability of shareholders.
Where this section sits in the code
- Chapter 54. Cooperative Organizations.
- SUBCHAPTER III. CREDIT UNIONS.
- Article 14D. Membership.
A shareholder of any such corporation, unless the bylaws so provide, shall not be individually liable for the payment of its debts for an amount in excess of the par value of the shares which he owns or for which he has subscribed. (1975, c. 538, s. 1.)
Collected 2026-08-27T18:05:32Z. Source file · JSON