{"data":{"id":"us-nc/n.c.-gen.-stat.-55-7-07","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 55-7-07","heading":"Record date.","body":"(a)\tThe bylaws may fix or provide the manner of fixing the record date for one or more voting groups in order to determine the shareholders entitled to notice of a shareholders' meeting, to demand a special meeting, to vote, or to take any other action. If the bylaws do not fix or provide for fixing a record date, the board of directors of the corporation may fix a future date as the record date.\n(b)\tA record date fixed under this section may not be more than 70 days before the meeting or action requiring a determination of shareholders.\n(c)\tA determination of shareholders entitled to notice of or to vote at a shareholders' meeting is effective for any adjournment of the meeting unless the board of directors fixes a new record date, which it must do if the meeting is adjourned to a date more than 120 days after the date fixed for the original meeting.\n(d)\tIf a court orders a meeting adjourned to a date more than 120 days after the date fixed for the original meeting, it may provide that the original record date continues in effect or it may fix a new record date. (1955, c. 1371, s. 1; 1973, c. 469, s. 45.1; 1989, c. 265, s. 1.)","path":["Chapter 55. North Carolina Business Corporation Act.","Article 7. Shareholders.","Part 1. Meetings."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_55/GS_55-7-07.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:57Z","sha256":"a60f49c2b24665a52bac02a4bbb157c8d2b8d1ad04f33b261fd4adebeb4f03a2","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-55-7-06","next":"us-nc/n.c.-gen.-stat.-55-7-08"},"notice":"GroundRules: Original legal text. Not legal advice."}