{"data":{"id":"us-nc/n.c.-gen.-stat.-106-986","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 106-986","heading":"Limitations as to dividends.","body":"The shares of stock of corporations organized under this Article shall have a par value and, except as provided in G.S. 106-988 in respect to distributions in kind upon dissolution, no dividend shall be paid thereon at a rate in excess of six per centum (6%) per annum on stock having a preference as to dividends, or eight per centum (8%) per annum on stock not having a preference as to dividends, except that any such dividends may be cumulative without interest. (1933, c. 178, s. 7; 2011-145, s. 13.25(cc), (dd).)","path":["Chapter 106. Agriculture.","Article 81. Corporations for Protection and Development of Forests."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_106/GS_106-986.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:16:07Z","sha256":"2e1f57a7b8f40b78958f52bc9bba47c57319c583b66fd7609aa82c9340f51bcc","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-106-985","next":"us-nc/n.c.-gen.-stat.-106-987"},"notice":"GroundRules: Original legal text. Not legal advice."}