GroundRules
N.C. Gen. Stat. § 55A-6-21: Prohibition of stock.
Where this section sits in the code
- Chapter 55A North Carolina Nonprofit Corporation Act.
- Article 6. Members and Memberships.
- Part 2. Members' Rights and Obligations.
A corporation shall neither authorize nor issue shares of stock. (1955, c. 1230; 1985 (Reg. Sess., 1986), c. 801, s. 32; 1993, c. 398, s. 1.)
Collected 2026-08-27T18:06:02Z. Source file · JSON