Source: https://www.ncleg.net/EnactedLegislation/Statutes/HTML/ByArticle/Chapter_55A/Article_6.html
Timestamp: 2019-04-19 20:55:54+00:00

Document:
Part 1. Admission of Members.
(a) A corporation may have one or more classes of members or may have no members.
§§ 55A-6-02 through 55A-6-19. Reserved for future codification purposes.
Part 2. Members' Rights and Obligations.
§ 55A-6-20. Designations, qualifications, rights, and obligations of members.
§ 55A-6-21. Prohibition of stock.
§ 55A-6-22. Member's liability to third parties.
§ 55A-6-23. Member's liability for dues, assessments, and fees.
§ 55A-6-24. Creditor's action against member.
(a) A creditor of a corporation shall not bring a proceeding to enforce any liability of a member to the corporation unless final judgment has been rendered in favor of the creditor against the corporation and execution has been returned unsatisfied in whole or in part or unless a proceeding against the corporation would be futile.
§§ 55A-6-25 through 55A-6-29. Reserved for future codification purposes.
Part 3. Resignation and Termination.
(a) Any member may resign at any time.
§ 55A-6-31. Termination, expulsion, and suspension.
(a) No member of a corporation may be expelled or suspended, and no membership may be terminated or suspended, except in a manner that is fair and reasonable and is carried out in good faith.
(b) Any proceeding challenging an expulsion, suspension, or termination shall be commenced within one year after the member receives notice of the expulsion, suspension, or termination.
§§ 55A-6-32 through 55A-6-39. Reserved for future codification purposes.
(a) A corporation may provide in its articles of incorporation or bylaws for delegates having some or all of the authority of members.

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