{"data":{"id":"us-nc/n.c.-gen.-stat.-54-109.53","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 54-109.53","heading":"Shares.","body":"(a)\tThe capital of a credit union consists of the payments made by members on shares, undivided surplus, and reserves.\n(b)\tShares may be subscribed to, paid for and transferred in such manner as the bylaws prescribe.\n(c)\tA certificate need not be issued to denote ownership of a share in a credit union. (1915, c. 115, s. 13; C.S., s. 5226; 1925, c. 73, s. 3; 1935, c. 87; 1965, c. 956, ss. 16, 17; 1975, c. 538, s. 1.)","path":["Chapter 54. Cooperative Organizations.","SUBCHAPTER III. CREDIT UNIONS.","Article 14F. Savings Accounts."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_54/GS_54-109.53.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:32Z","sha256":"a3d9fa00fdf66fbed39d04c6ced19ab9c0f371e2b4a65e5fd3d7706ede384572","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-54-109.50-through-54-109.52","next":"us-nc/n.c.-gen.-stat.-54-109.54"},"notice":"GroundRules: Original legal text. Not legal advice."}