{"data":{"id":"us-nc/n.c.-gen.-stat.-55a-11b-01","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 55A-11B-01","heading":"Definitions.","body":"In this Article, the following definitions apply:\n(1)\tDomesticated corporation. - The domesticating nonprofit corporation as it continues in existence after a domestication.\n(2)\tDomesticating corporation. - The domestic nonprofit corporation that approves a plan of domestication pursuant to G.S. 55A-11B-04 or the foreign corporation that approves a domestication pursuant to the law of the jurisdiction of the foreign corporation.\n(3)\tDomestication. - A transaction pursuant to this Article.\n(4)\tInterest holder liability. - Any of the following:\na.\tPersonal liability for a liability of a domestic or foreign nonprofit corporation that is imposed on a person by either of the following:\n1.\tSolely by reason of the status of the person as an interest holder.\n2.\tBy a provision of the articles of incorporation or bylaws that make one or more specified interest holders or categories of interest holders liable in their capacity as interest holders for all or specified liabilities of the entity.\nb.\tAn obligation of an interest holder under the bylaws to contribute to the domestic or foreign nonprofit corporation.\n(5)\tLaw of the jurisdiction. - The law of the jurisdiction governing the organization and internal affairs of the corporation. (2026-52, s. 3.1.)","path":["Chapter 55A North Carolina Nonprofit Corporation Act.","Article 11B. Domestication."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_55A/GS_55A-11B-01.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-10-28T05:56:56Z","sha256":"04158bc7729e5ca85739fa49167654d203bc0b326fa7e350748b3883b867489f","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-55a-11a-10","next":"us-nc/n.c.-gen.-stat.-55a-11b-02"},"notice":"GroundRules: Original legal text. Not legal advice."}