{"data":{"id":"us-nc/n.c.-gen.-stat.-55-2-05","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 55-2-05","heading":"Organization of corporation.","body":"(a)\tAfter incorporation:\n(1)\tIf initial directors are named in the articles of incorporation, the initial directors shall hold an organizational meeting at the call of a majority of the directors to complete the organization of the corporation by appointing officers, adopting bylaws, and carrying on any other business brought before the meeting;\n(2)\tIf initial directors are not named in the articles, the incorporator or incorporators shall hold an organizational meeting at the call of a majority of the incorporators: (i) to elect directors and complete the organization of the corporation; or (ii) to elect a board of directors who shall complete the organization of the corporation.\n(b)\tAction required or permitted by this Chapter to be taken by incorporators at an organizational meeting may be taken without a meeting if the action taken is evidenced by one or more written consents describing the action taken and signed by each incorporator. If the incorporators act at a meeting, the notice and procedural provisions of G.S. 55-8-22, 55-8-23, and 55-8-24 shall apply.\n(c)\tAn organizational meeting may be held in or out of this State. (Code, s. 665; 1901, c. 2, s. 18; Rev., s. 1142; C.S., s. 1118; G.S., s. 55-6; 1955, c. 1371, s. 1; 1969, c. 751, s. 3; 1989, c. 265, s. 1.)","path":["Chapter 55. North Carolina Business Corporation Act.","Article 2. Incorporation."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_55/GS_55-2-05.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:57Z","sha256":"5d77600557295da49a360265ddaddf3efd93185e4e1edda098fd67f8a85371c6","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-55-2-04","next":"us-nc/n.c.-gen.-stat.-55-2-06"},"notice":"GroundRules: Original legal text. Not legal advice."}