{"data":{"id":"us-nc/n.c.-gen.-stat.-124-2","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 124-2","heading":"State deemed shareholder in corporation accepting appropriation.","body":"When an appropriation is made by the State to any work of internal improvement conducted by a corporation, the State shall be considered, if so directed in the act making the appropriation, a stockholder in such corporation, and shall have as many shares as may correspond with the amount of money appropriated; and the acceptance of such money shall be deemed to be a consent of the corporation to the terms herein expressed. (1925, c. 157, s. 2; 1985, c. 792, s. 13.21.)","path":["Chapter 124. Internal Improvements.","Article 1. General Provisions."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_124/GS_124-2.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:19:47Z","sha256":"f33c9e8ffa0248661ae0960f5490e0a6ccad85f587d6a259b2af52b5bc926f86","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-124-1","next":"us-nc/n.c.-gen.-stat.-124-3"},"notice":"GroundRules: Original legal text. Not legal advice."}