{"data":{"id":"us-nc/n.c.-gen.-stat.-55a-14-06","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 55A-14-06","heading":"Effect of dissolution.","body":"(a)\tA dissolved corporation continues its corporate existence but shall not carry on any activities except those appropriate to wind up and liquidate its affairs, including:\n(1)\tPreserving and protecting its assets;\n(2)\tDischarging or making provision for discharging its liabilities and obligations;\n(3)\tDisposing of its remaining assets in accordance with its plan of dissolution; and\n(4)\tDoing every other act necessary to wind up and liquidate its assets and affairs.\n(b)\tDissolution of a corporation does not:\n(1)\tTransfer title to the corporation's property;\n(2)\tSubject its directors or officers to standards of conduct different from those prescribed in Article 8 of this Chapter;\n(3)\tChange quorum or voting requirements for its board of directors or members; change provisions for selection, resignation, or removal of its directors or officers or both; or change provisions for amending its bylaws;\n(4)\tPrevent commencement of a proceeding by or against the corporation in its corporate name;\n(5)\tAbate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; or\n(6)\tTerminate the authority of the registered agent of the corporation. (1955, c. 1230; 1993, c. 398, s. 1.)","path":["Chapter 55A North Carolina Nonprofit Corporation Act.","Article 14. Dissolution.","Part 1. Voluntary Dissolution."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_55A/GS_55A-14-06.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:02Z","sha256":"cb1167e017b2e96da8e385de6df5f9606db656b228789abe86f47ff44be2acfc","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-55a-14-05","next":"us-nc/n.c.-gen.-stat.-55a-14-07"},"notice":"GroundRules: Original legal text. Not legal advice."}