Source: https://ncleg.gov/Laws/GeneralStatuteSections/Chapter55
Timestamp: 2019-04-25 22:02:16+00:00

Document:
Chapter 55 - North Carolina Business Corporation Act.
§ 55-1-02. Reservation of power to amend or repeal.
§§ 55-1-03 through 55-1-19. Reserved for future codification purposes.
§ 55-1-22. Filing, service, and copying fees.
§§ 55-1-22.1 through 55-1-27: Transferred to §§ 55D-11 through 55D-17 by Session Laws 2001-358, s. 3(b).
§ 55-1-28. Certificate of existence.
§ 55-1-29: Transferred to § 55D-18 by Session Laws 2001-358, s. 3(b).
§ 55-1-31. Interrogatories by Secretary of State.
§ 55-1-32. Penalties imposed upon corporations, officers, and directors for failure to answer interrogatories.
§ 55-1-33. Information disclosed by interrogatories.
§§ 55-1-34 through 55-1-39. Reserved for future codification purposes.
§ 55-1-42. Number of shareholders.
§§ 55-1-43 through 55-1-49. Reserved for future codification purposes.
§ 55-1-51: Reserved for future codification purposes.
§ 55-1-52: Reserved for future codification purposes.
§ 55-1-53: Reserved for future codification purposes.
§ 55-1-54: Reserved for future codification purposes.
§ 55-1-55: Reserved for future codification purposes.
§ 55-1-56: Reserved for future codification purposes.
§ 55-1-57: Reserved for future codification purposes.
§ 55-1-58: Reserved for future codification purposes.
§ 55-1-59: Reserved for future codification purposes.
§ 55-1-61. Defective corporate actions.
§ 55-1-62. Ratification of defective corporate actions.
§ 55-1-63. Action on ratification.
§ 55-1-65. Effect of ratification.
§ 55-1-67. Judicial proceedings regarding validity of corporate actions.
§ 55-2-02. Articles of incorporation.
§ 55-2-04. Reserved for future codification purposes.
§ 55-2-05. Organization of corporation.
Article 3 - Purposes and Powers.
§ 55-3-05. Exercise of corporate franchises not granted.
§§ 55-4-01 through 55-4-05: Transferred to §§ 55D-20 through 55D-27 by Session Laws 2001-358, ss. 14(a) and 14(b).
Article 5 - Office and Agent.
§ 55-5-01. Registered office and registered agent.
§§ 55-5-02 through 55-5-04: Transferred to §§ 55D-31 through 55D-33 by Session Laws 2001-358, s. 44.
Article 6 - Shares and Distribution.
§ 55-6-02. Terms of class or series determined by board of directors.
§ 55-6-03. Issued and outstanding shares.
§§ 55-6-05 through 55-6-19. Reserved for future codification purposes.
§ 55-6-20. Subscription for shares before incorporation.
§ 55-6-21. Issuance of shares.
§ 55-6-22. Liability of shareholders.
§ 55-6-24. Rights, options, and warrants.
§ 55-6-25. Form and content of certificates.
§ 55-6-26. Shares without certificate.
§ 55-6-27. Restriction on transfer of shares and other securities.
§ 55-6-28. Expense of issue.
§ 55-6-29. Reserved for future codification purposes.
§ 55-6-30. Shareholders' preemptive rights.
§ 55-6-31. Corporation's acquisition of its own shares.
§§ 55-6-32 through 55-6-39. Reserved for future codification purposes.
§ 55-6-40. Distributions to shareholders.
§ 55-7-04. Action without meeting.
§ 55-7-05. Notice of meeting.
§ 55-7-06. Waiver of notice.
§ 55-7-08: Repealed by Session Laws 2013-153, s. 4, effective January 1, 2014.
§ 55-7-09. Remote participation in meetings.
§ 55-7-10: Reserved for future codification purposes.
§ 55-7-11: Reserved for future codification purposes.
§ 55-7-12: Reserved for future codification purposes.
§ 55-7-13: Reserved for future codification purposes.
§ 55-7-14: Reserved for future codification purposes.
§ 55-7-15: Reserved for future codification purposes.
§ 55-7-16: Reserved for future codification purposes.
§ 55-7-17: Reserved for future codification purposes.
§ 55-7-18: Reserved for future codification purposes.
§ 55-7-19: Reserved for future codification purposes.
§ 55-7-20. Shareholders' list for meeting.
§ 55-7-21. Voting entitlement of shares.
§ 55-7-21.1. Rights of holders of debt securities.
§ 55-7-23. Shares held by nominees.
§ 55-7-24. Corporation's acceptance of votes.
§ 55-7-25. Quorum and voting requirements for voting groups.
§ 55-7-26. Action by single and multiple voting groups.
§ 55-7-27. Greater quorum or voting requirements.
§ 55-7-28. Voting for directors; cumulative voting.
§ 55-7-29. Reserved for future codification purposes.
§§ 55-7-32 through 55-7-39. Reserved for future codification purposes.
§ 55-7-40. Shareholders' derivative actions.
§ 55-7-43. Stay of proceedings.
§ 55-7-45. Discontinuance or settlement.
§ 55-7-46. Payment of expenses.
§ 55-7-47. Applicability to foreign corporations.
§ 55-7-48. Suits against directors of public corporations.
§ 55-7-50. Exclusive forum or venue provisions valid.
Article 8 - Directors and Officers.
§ 55-8-01. Requirement for and duties of board of directors.
§ 55-8-02. Qualifications of directors.
§ 55-8-03. Number and election of directors.
§ 55-8-04. Election of directors by certain classes of shareholders.
§ 55-8-05. Terms of directors generally.
§ 55-8-06. Staggered terms for directors.
§ 55-8-07. Resignation of directors.
§ 55-8-08. Removal of directors by shareholders.
§ 55-8-09. Removal of directors by judicial proceeding.
§ 55-8-10. Vacancy on board.
§ 55-8-11. Compensation of directors.
§§ 55-8-12 through 55-8-19. Reserved for future codification purposes.
§ 55-8-21. Action without meeting.
§ 55-8-22. Notice of meeting.
§ 55-8-23. Waiver of notice.
§ 55-8-24. Quorum and voting.
§ 55-8-26. Submission of matters for shareholder vote.
§ 55-8-27: Reserved for future codification purposes.
§ 55-8-28: Reserved for future codification purposes.
§ 55-8-29: Reserved for future codification purposes.
§ 55-8-30. General standards for directors.
§ 55-8-31. Director conflict of interest.
§ 55-8-32. Loans to directors.
§ 55-8-33. Liability for unlawful distributions.
§§ 55-8-34 through 55-8-39. Reserved for future codification purposes.
§ 55-8-41. Duties of officers.
§ 55-8-42. Standards of conduct for officers.
§ 55-8-43. Resignation and removal of officers.
§ 55-8-44. Contract rights of officers.
§§ 55-8-45 through 55-8-49. Reserved for future codification purposes.
§ 55-8-50. Policy statement and definitions.
§ 55-8-51. Authority to indemnify.
§ 55-8-53. Advance for expenses.
§ 55-8-55. Determination and authorization of indemnification.
§ 55-8-56. Indemnification of officers, employees, and agents.
§ 55-8-57. Additional indemnification and insurance.
§ 55-8-58. Application of Part.
Article 9 - Shareholder Protection Act.
§ 55-9-01. Short title and definitions.
§ 55-9-03. Exception to voting requirement.
Article 9A - Control Share Acquisitions.
§ 55-9A-01. Short title and definitions.
§ 55-9A-02. Acquiring person statement.
§ 55-9A-03. Meeting of shareholders.
§ 55-9A-06. Right of redemption by shareholders.
Article 10 - Amendment of Articles of Incorporation and Bylaws.
§ 55-10-01. Authority to amend.
§ 55-10-02. Amendment by board of directors.
§ 55-10-03. Amendment by board of directors and shareholders.
§ 55-10-04. Voting on amendments by voting groups.
§ 55-10-05. Amendment before issuance of shares.
§ 55-10-06. Articles of amendment.
§ 55-10-07. Restated articles of incorporation.
§ 55-10-08. Reserved for future codification purposes.
§ 55-10-09. Effect of amendment.
§§ 55-10-10 through 55-10-19. Reserved for future codification purposes.
§ 55-10-20. Amendment by board of directors or shareholders.
§ 55-10-21. Reserved for future codification purposes.
§ 55-10-22. Bylaw increasing quorum or voting requirement for directors.
Article 11 - Merger and Share Exchange.
§ 55-11-03. Action on plan.
§ 55-11-04. Merger between parent corporation and subsidiary or between subsidiaries.
§ 55-11-05. Articles of merger or share exchange.
§ 55-11-06. Effect of merger or share exchange.
§ 55-11-07. Merger or share exchange with foreign corporation.
§ 55-11-08. Article 9 to control.
§ 55-11-09. Merger with nonprofit corporation.
§ 55-11-10. Merger with unincorporated entity.
§ 55-11-11: Recodified as G.S. 55-11-20 by Session Laws 2018-45, s. 22, effective October 1, 2018.
§ 55-11-12. Merger between parent unincorporated entity and subsidiary corporation or corporations.
§ 55-11-13. Effect of merger with unincorporated entity.
§ 55-11-14: Reserved for future codification purposes.
§ 55-11-15: Reserved for future codification purposes.
§ 55-11-16: Reserved for future codification purposes.
§ 55-11-17: Reserved for future codification purposes.
§ 55-11-18: Reserved for future codification purposes.
§ 55-11-19: Reserved for future codification purposes.
§ 55-11-20. Merger to effect a holding company reorganization.
§ 55-11A-02. Plan of conversion.
§ 55-11A-03. Filing of articles of incorporation by converting entity.
§ 55-11A-04. Effects of conversion.
§§ 55-11A-05 through 55-11A-09. Reserved for future codification purposes.
§ 55-11A-11. Plan of conversion.
§ 55-11A-12. Articles of conversion.
§ 55-11A-13. Effects of conversion.
Article 12 - Transfer of Assets.
§ 55-12-01. Disposition of assets not requiring shareholder approval and mortgage of assets.
§ 55-12-02. Disposition of assets requiring shareholder approval.
§ 55-12-03. Article 9 to control.
Article 13 - Appraisal Rights.
§ 55-13-02. Right to appraisal.
§ 55-13-03. Assertion of rights by nominees and beneficial owners.
§§ 55-13-04 through 55-13-19. Reserved for future codification purposes.
§ 55-13-20. Notice of appraisal rights.
§ 55-13-21. Notice of intent to demand payment and consequences of voting or consenting.
§ 55-13-22. Appraisal notice and form.
§ 55-13-23. Perfection of rights; right to withdraw.
§ 55-13-24: Repealed by Session Laws 2011-347, s. 1, effective October 1, 2011.
§ 55-13-26: Repealed by Session Laws 2011-347, s. 1, effective October 1, 2011.
§ 55-13-28. Procedure if shareholder dissatisfied with payment or offer.
§ 55-13-29. Reserved for future codification purposes.
§ 55-13-31. Court costs and expenses.
§ 55-13-32: Reserved for future codification purposes.
§ 55-13-33: Reserved for future codification purposes.
§ 55-13-34: Reserved for future codification purposes.
§ 55-13-35: Reserved for future codification purposes.
§ 55-13-36: Reserved for future codification purposes.
§ 55-13-37: Reserved for future codification purposes.
§ 55-13-38: Reserved for future codification purposes.
§ 55-13-39: Reserved for future codification purposes.
§ 55-13-40. Other remedies limited.
§ 55-14-01. Dissolution by incorporators or directors.
§ 55-14-02. Dissolution by board of directors and shareholders.
§ 55-14-03. Articles of dissolution.
§ 55-14-04. Revocation of dissolution.
§ 55-14-05. Effect of dissolution.
§ 55-14-06. Known claims against dissolved corporation.
§ 55-14-07. Unknown and certain other claims against dissolved corporation.
§ 55-14-08. Enforcement of claims.
§§ 55-14-10 through 55-14-19. Reserved for future codification purposes.
§ 55-14-20. Grounds for administrative dissolution.
§ 55-14-21. Procedure for and effect of administrative dissolution.
§ 55-14-22. Reinstatement following administrative dissolution.
§ 55-14-23. Appeal from denial of reinstatement.
§ 55-14-24. Inapplicability of Administrative Procedure Act.
§§ 55-14-25 through 55-14-29. Reserved for future codification purposes.
§ 55-14-30. Grounds for judicial dissolution.
§ 55-14-31. Procedure for judicial dissolution.
§ 55-14-33. Decree of dissolution.
§§ 55-14-34 through 55-14-39. Reserved for future codification purposes.
§ 55-14-40. Disposition of amounts due to unavailable shareholders and creditors.
§ 55-14A-01. Fundamental changes in reorganization proceedings.
Article 15 - Foreign Corporations.
§ 55-15-01. Authority to transact business required.
§ 55-15-02. Consequences of transacting business without authority.
§ 55-15-03. Application for certificate of authority.
§ 55-15-04. Amended certificate of authority.
§ 55-15-05. Effect of certificate of authority.
§ 55-15-06: Repealed by Session Laws 2001-358, s. 18.
§ 55-15-07. Registered office and registered agent of foreign corporation.
§§ 55-15-08 through 55-15-10: Repealed by Session Laws 2001-358, s. 47(c), effective January 1, 2002.
§§ 55-15-11 through 55-15-19. Reserved for future codification purposes.
§ 55-15-20. Withdrawal of foreign corporation.
§ 55-15-21. Withdrawal of foreign corporation by reason of a merger, consolidation, or conversion.
§§ 55-15-22 through 55-15-29. Reserved for future codification purposes.
§ 55-15-30. Grounds for revocation.
§ 55-15-31. Procedure for and effect of revocation.
§ 55-15-32. Appeal from revocation.
§ 55-15-33. Inapplicability of Administrative Procedure Act.
Article 16 - Records and Reports.
§ 55-16-02. Inspection of records by shareholders.
§ 55-16-03. Scope of inspection right.
§ 55-16-05. Inspection of records by directors.
§ 55-16-06. Exception to notice requirements.
§§ 55-16-07 through 55-16-19. Reserved for future codification purposes.
§ 55-16-20. Financial statements for shareholders.
§ 55-16-21: Repealed by Session Laws 2005-268, s. 37, effective October 1, 2005.
§ 55-16-22.1. Repealed by Session Laws 1998-228, S.17.
§ 55-16-22.2. Report of veteran-owned small businesses and service-disabled veteran-owned small businesses.
Article 17 - Transition and Curative Provisions.
§ 55-17-01. Applicability of act.
§ 55-17-02. Application to qualified foreign corporations.

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