{"data":{"id":"us-nc/n.c.-gen.-stat.-58-10-500","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-10-500","heading":"Forming a protected cell captive insurance company.","body":"(a)\tOne or more sponsors may form a protected cell captive insurance company under this Subpart.\n(b)\tA protected cell captive insurance company shall be incorporated as a stock insurer with its capital divided into shares and held by the stockholders, as a mutual corporation, as a nonprofit corporation with one or more members, or as a manager-managed limited liability company. (2013-116, s. 1.)","path":["Chapter 58. Insurance.","Article 10. Miscellaneous Insurer Financial Provisions.","Part 9. Captive Insurance Companies."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-10-500.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"590035456effb5883450a8238933de23a20e5f42a282ee09f6e906dd5aef43f9","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-10-496","next":"us-nc/n.c.-gen.-stat.-58-10-505"},"notice":"GroundRules: Original legal text. Not legal advice."}