{"data":{"id":"us-nc/n.c.-gen.-stat.-55-2-03","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 55-2-03","heading":"Incorporation.","body":"(a)\tCorporate existence begins when the articles of incorporation become effective.\n(b)\tThe Secretary of State's filing of the articles of incorporation is conclusive proof that the incorporators satisfied all conditions precedent to incorporation except in a proceeding by the State to cancel or revoke the incorporation or involuntarily dissolve the corporation.\n(c)\tNo provision in this Chapter or any prior act shall be construed to require that a corporation have more than one shareholder. (1901, c. 2, s. 10; Rev., s. 1140; C.S., s. 1116; G.S., s. 55-4; 1955, c. 1371, s. 1; 1957, c. 550, ss. 2, 3; 1967, c. 13, s. 3; 1989, c. 265, s. 1; 2001-387, s. 10.)","path":["Chapter 55. North Carolina Business Corporation Act.","Article 2. Incorporation."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_55/GS_55-2-03.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:57Z","sha256":"011a0c231946a861157e8abde9c568b3a1f1cd5fb8b9585cf1f044b118e8de77","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-55-2-02","next":"us-nc/n.c.-gen.-stat.-55-2-04"},"notice":"GroundRules: Original legal text. Not legal advice."}