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North Carolina · Through S.L. 2026-30

N.C. Gen. Stat. § 58-64A-15: Dividends and distributions.

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Where this section sits in the code
  1. Chapter 58. Insurance.
  2. Article 64A. Continuing Care Retirement Communities.
  3. Part 1. General Provisions.

No dividend or other distribution of equity or net assets shall be paid by any provider after the Commissioner has determined that the provider is in a hazardous condition or has been determined to not be in satisfactory actuarial balance in an actuarial study filed with the Commissioner pursuant to G.S. 58-64A-210, or when the payment would have the effect of creating a hazardous condition in the provider or cause the provider to not be in satisfactory actuarial balance. (2025-58, s. 2.)

Collected 2026-08-27T18:06:53Z. Source file · JSON

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