Chapter 55A - North Carolina Nonprofit Corporation Act.

The General Statutes include changes from January 1, 2018 through August 4, 2018 (SL 2018-1 through SL 2018-131).

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Chapter 55A
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Article 1 - General Provisions.
G.S. 55A-1-01
§ 55A-1-01. Short title.
G.S. 55A-1-02
§ 55A-1-02. Reservation of power to amend or repeal.
G.S. 55A-1-03 through 55A-1-19
§§ 55A-1-03 through 55A-1-19. Reserved for future codification purposes.
G.S. 55A-1-20
§ 55A-1-20. Filing requirements.
G.S. 55A-1-21
§ 55A-1-21. Forms.
G.S. 55A-1-22
§ 55A-1-22. Filing, service, and copying fees.
G.S. 55A-1-22.1
§§ 55A-1-22.1 through 55A-1-27: Repealed by Session Laws 2001-358, s. 7(b), effective January 1, 2002.
G.S. 55A-1-22.2
§§ 55A-1-22.1 through 55A-1-27: Repealed by Session Laws 2001-358, s. 7(b), effective January 1, 2002.
G.S. 55A-1-23
§§ 55A-1-22.1 through 55A-1-27: Repealed by Session Laws 2001-358, s. 7(b), effective January 1, 2002.
G.S. 55A-1-24
§§ 55A-1-22.1 through 55A-1-27: Repealed by Session Laws 2001-358, s. 7(b), effective January 1, 2002.
G.S. 55A-1-25
§§ 55A-1-22.1 through 55A-1-27: Repealed by Session Laws 2001-358, s. 7(b), effective January 1, 2002.
G.S. 55A-1-26
§§ 55A-1-22.1 through 55A-1-27: Repealed by Session Laws 2001-358, s. 7(b), effective January 1, 2002.
G.S. 55A-1-27
§§ 55A-1-22.1 through 55A-1-27: Repealed by Session Laws 2001-358, s. 7(b), effective January 1, 2002.
G.S. 55A-1-28
§ 55A-1-28. Certificate of existence.
G.S. 55A-1-29
§ 55A-1-29: Repealed by Session Laws 2001-358, s. 7(b).
G.S. 55A-1-30
§ 55A-1-30. Powers.
G.S. 55A-1-31
§ 55A-1-31. Interrogatories by Secretary of State.
G.S. 55A-1-32
§ 55A-1-32. Penalties imposed upon corporations, officers, and directors for failure to answer interrogatories.
G.S. 55A-1-33
§ 55A-1-33. Information disclosed by interrogatories.
G.S. 55A-1-34 through 55A-1-39
§§ 55A-1-34 through 55A-1-39. Reserved for future codification purposes.
G.S. 55A-1-40
§ 55A-1-40. Chapter definitions.
G.S. 55A-1-41
§ 55A-1-41. Notice.
G.S. 55A-1-42 through 55A-1-49
§§ 55A-1-42 through 55A-1-49. Reserved for future codification purposes.
G.S. 55A-1-50
§ 55A-1-50. Private Foundations.
G.S. 55A-1-51 through 55A-1-59
§§ 55A-1-51 through 55A-1-59. Reserved for future codification purposes.
G.S. 55A-1-60
§ 55A-1-60. Judicial relief.
G.S. 55A-1-70
§ 55A-1-70. Electronic transactions.
Article 2 - Organization.
G.S. 55A-2-01
§ 55A-2-01. Incorporators.
G.S. 55A-2-02
§ 55A-2-02. Articles of incorporation.
G.S. 55A-2-03
§ 55A-2-03. Incorporation.
G.S. 55A-2-04
§ 55A-2-04. Reserved for future codification purposes.
G.S. 55A-2-05
§ 55A-2-05. Organization of corporation.
G.S. 55A-2-06
§ 55A-2-06. Bylaws.
G.S. 55A-2-07
§ 55A-2-07. Emergency bylaws.
Article 3 - Purposes and Powers.
G.S. 55A-3-01
§ 55A-3-01. Purposes.
G.S. 55A-3-02
§ 55A-3-02. General powers.
G.S. 55A-3-03
§ 55A-3-03. Emergency powers.
G.S. 55A-3-04
§ 55A-3-04. Ultra vires.
G.S. 55A-3-05
§ 55A-3-05. Exercise of corporate franchises not granted.
G.S. 55A-3-06
§ 55A-3-06. Special powers; public parks and drives and certain recreational corporations.
G.S. 55A-3-07
§ 55A-3-07. Certain corporations subject to Public Records Act and Open Meetings Law.
Article 4 - Names.
G.S. 55A-4-01
§§ 55A-4-01 through 55A-4-05: Repealed by Session Laws 2001-358, s. 23, effective January 1, 2002.
G.S. 55A-4-02
§§ 55A-4-01 through 55A-4-05: Repealed by Session Laws 2001-358, s. 23, effective January 1, 2002.
G.S. 55A-4-03
§§ 55A-4-01 through 55A-4-05: Repealed by Session Laws 2001-358, s. 23, effective January 1, 2002.
G.S. 55A-4-04
§§ 55A-4-01 through 55A-4-05: Repealed by Session Laws 2001-358, s. 23, effective January 1, 2002.
G.S. 55A-4-05
§§ 55A-4-01 through 55A-4-05: Repealed by Session Laws 2001-358, s. 23, effective January 1, 2002.
Article 5 - Office and Agent.
G.S. 55A-5-01
§ 55A-5-01. Registered office and registered agent.
G.S. 55A-5-02
§ 55A-5-02: Repealed by Session Laws 2001-358, s. 48.
G.S. 55A-5-02.1
§ 55A-5-02.1: Transferred to § 55A-16-23 by Session Laws 2001-358, s. 48(d).
G.S. 55A-5-03
§§ 55A-5-03 through 55A-5-04: Repealed by Session Laws 2001-358, s. 48(c), effective January 1, 2002.
G.S. 55A-5-04
§§ 55A-5-03 through 55A-5-04: Repealed by Session Laws 2001-358, s. 48(c), effective January 1, 2002.
Article 6 - Members and Memberships.
G.S. 55A-6-01
§ 55A-6-01. Members.
G.S. 55A-6-02 through 55A-6-19
§§ 55A-6-02 through 55A-6-19. Reserved for future codification purposes.
G.S. 55A-6-20
§ 55A-6-20. Designations, qualifications, rights, and obligations of members.
G.S. 55A-6-21
§ 55A-6-21. Prohibition of stock.
G.S. 55A-6-22
§ 55A-6-22. Member's liability to third parties.
G.S. 55A-6-23
§ 55A-6-23. Member's liability for dues, assessments, and fees.
G.S. 55A-6-24
§ 55A-6-24. Creditor's action against member.
G.S. 55A-6-25 through 55A-6-29
§§ 55A-6-25 through 55A-6-29. Reserved for future codification purposes.
G.S. 55A-6-30
§ 55A-6-30. Resignation.
G.S. 55A-6-31
§ 55A-6-31. Termination, expulsion, and suspension.
G.S. 55A-6-32 through 55A-6-39
§§ 55A-6-32 through 55A-6-39. Reserved for future codification purposes.
G.S. 55A-6-40
§ 55A-6-40. Delegates.
Article 7 - Members' Meetings and Voting; Derivative Proceedings.
G.S. 55A-7-01
§ 55A-7-01. Annual and regular meetings.
G.S. 55A-7-02
§ 55A-7-02. Special meeting.
G.S. 55A-7-03
§ 55A-7-03. Court-ordered meeting.
G.S. 55A-7-04
§ 55A-7-04. Action by written consent.
G.S. 55A-7-05
§ 55A-7-05. Notice of meeting.
G.S. 55A-7-06
§ 55A-7-06. Waiver of notice.
G.S. 55A-7-07
§ 55A-7-07. Record date.
G.S. 55A-7-08
§ 55A-7-08. Action by written ballot.
G.S. 55A-7-09 through 55A-7-19
§§ 55A-7-09 through 55A-7-19. Reserved for future codification purposes.
G.S. 55A-7-20
§ 55A-7-20. Members' list for meeting.
G.S. 55A-7-21
§ 55A-7-21. Voting entitlement generally.
G.S. 55A-7-22
§ 55A-7-22. Quorum requirements.
G.S. 55A-7-23
§ 55A-7-23. Voting requirements.
G.S. 55A-7-24
§ 55A-7-24. Proxies.
G.S. 55A-7-25
§ 55A-7-25. Voting for directors; cumulative voting.
G.S. 55A-7-26
§ 55A-7-26. Other methods of electing directors.
G.S. 55A-7-27
§ 55A-7-27. Corporation's acceptance of votes.
G.S. 55A-7-28
§ 55A-7-28. Reserved for future codification purposes.
G.S. 55A-7-29
§ 55A-7-29. Reserved for future codification purposes.
G.S. 55A-7-30
§ 55A-7-30. Voting agreements.
G.S. 55A-7-31 through 55A-7-39
§§ 55A-7-31 through 55A-7-39. Reserved for future codification purposes.
G.S. 55A-7-40
§ 55A-7-40. Derivative proceedings.
Article 8 - Directors and Officers.
G.S. 55A-8-01
§ 55A-8-01. Requirement for and duties of board.
G.S. 55A-8-02
§ 55A-8-02. Qualifications of directors.
G.S. 55A-8-03
§ 55A-8-03. Number of directors.
G.S. 55A-8-04
§ 55A-8-04. Election, designation, and appointment of directors.
G.S. 55A-8-05
§ 55A-8-05. Terms of directors generally.
G.S. 55A-8-06
§ 55A-8-06. Staggered terms for directors.
G.S. 55A-8-07
§ 55A-8-07. Resignation of directors.
G.S. 55A-8-08
§ 55A-8-08. Removal of directors elected by members or directors.
G.S. 55A-8-09
§ 55A-8-09. Removal of designated or appointed directors.
G.S. 55A-8-10
§ 55A-8-10. Removal of directors by judicial proceeding.
G.S. 55A-8-11
§ 55A-8-11. Vacancy on board.
G.S. 55A-8-12
§ 55A-8-12. Compensation of directors.
G.S. 55A-8-13 through 55A-8-19
§§ 55A-8-13 through 55A-8-19. Reserved for future codification purposes.
G.S. 55A-8-20
§ 55A-8-20. Regular and special meetings.
G.S. 55A-8-21
§ 55A-8-21. Action without meeting.
G.S. 55A-8-22
§ 55A-8-22. Notice of meetings.
G.S. 55A-8-23
§ 55A-8-23. Waiver of notice.
G.S. 55A-8-24
§ 55A-8-24. Quorum and voting.
G.S. 55A-8-25
§ 55A-8-25. Committees of the board.
G.S. 55A-8-26 through 55A-8-29
§§ 55A-8-26 through 55A-8-29. Reserved for future codification purposes.
G.S. 55A-8-30
§ 55A-8-30. General standards for directors.
G.S. 55A-8-31
§ 55A-8-31. Director conflict of interest.
G.S. 55A-8-32
§ 55A-8-32. Loans to or guaranties for directors and officers.
G.S. 55A-8-33
§ 55A-8-33. Liability for unlawful loans or distributions.
G.S. 55A-8-34 through 55A-8-39
§§ 55A-8-34 through 55A-8-39. Reserved for future codification purposes.
G.S. 55A-8-40
§ 55A-8-40. Officers.
G.S. 55A-8-41
§ 55A-8-41. Duties of officers.
G.S. 55A-8-42
§ 55A-8-42. Standards of conduct for officers.
G.S. 55A-8-43
§ 55A-8-43. Resignation and removal of officers.
G.S. 55A-8-44
§ 55A-8-44. Contract rights of officers.
G.S. 55A-8-45 through 55A-8-49
§§ 55A-8-45 through 55A-8-49. Reserved for future codification purposes.
G.S. 55A-8-50
§ 55A-8-50. Policy statement and definitions.
G.S. 55A-8-51
§ 55A-8-51. Authority to indemnify.
G.S. 55A-8-52
§ 55A-8-52. Mandatory indemnification.
G.S. 55A-8-53
§ 55A-8-53. Advance for expenses.
G.S. 55A-8-54
§ 55A-8-54. Court-ordered indemnification.
G.S. 55A-8-55
§ 55A-8-55. Determination and authorization of indemnification.
G.S. 55A-8-56
§ 55A-8-56. Indemnification of officers, employees, and agents.
G.S. 55A-8-57
§ 55A-8-57. Additional indemnification and insurance.
G.S. 55A-8-58
§ 55A-8-58. Application of Part.
G.S. 55A-8-59
§ 55A-8-59. Reserved for future codification purposes.
G.S. 55A-8-60
§ 55A-8-60. Immunity.
Article 10 - Amendment of Articles of Incorporation and Bylaws.
G.S. 55A-10-01
§ 55A-10-01. Authority to amend.
G.S. 55A-10-02
§ 55A-10-02. Amendment by board of directors.
G.S. 55A-10-03
§ 55A-10-03. Amendment by directors and members.
G.S. 55A-10-04
§ 55A-10-04. Class voting by members on amendments.
G.S. 55A-10-05
§ 55A-10-05. Articles of amendment.
G.S. 55A-10-06
§ 55A-10-06. Restated articles of incorporation.
G.S. 55A-10-07
§ 55A-10-07. Effect of amendment.
G.S. 55A-10-08 through 55A-10-19
§§ 55A-10-08 through 55A-10-19. Reserved for future codification purposes.
G.S. 55A-10-20
§ 55A-10-20. Amendment by directors.
G.S. 55A-10-21
§ 55A-10-21. Amendment by directors and members.
G.S. 55A-10-22
§ 55A-10-22. Class voting by members on amendments.
G.S. 55A-10-23 through 55A-10-29
§§ 55A-10-23 through 55A-10-29. Reserved for future codification purposes.
G.S. 55A-10-30
§ 55A-10-30. Approval by third persons.
Article 11 - Merger.
G.S. 55A-11-01
§ 55A-11-01. Approval of plan of merger.
G.S. 55A-11-02
§ 55A-11-02. Limitations on mergers by charitable or religious corporations.
G.S. 55A-11-03
§ 55A-11-03. Action on plan.
G.S. 55A-11-04
§ 55A-11-04. Articles of merger.
G.S. 55A-11-05
§ 55A-11-05. Effect of merger.
G.S. 55A-11-06
§ 55A-11-06. Merger with foreign corporation.
G.S. 55A-11-07
§ 55A-11-07. Devises and gifts.
G.S. 55A-11-08
§ 55A-11-08. Merger with business corporation.
G.S. 55A-11-09
§ 55A-11-09. Merger with unincorporated entity.
G.S. 55A-11-10
§ 55A-11-10. Merger with certain charitable or religious corporation or hospital authority.
Article 11A - Conversions.
G.S. 55A-11A-1
§ 55A-11A-1: Reserved for future codification purposes.
G.S. 55A-11A-2
§ 55A-11A-2: Reserved for future codification purposes.
G.S. 55A-11A-3
§ 55A-11A-3: Reserved for future codification purposes.
G.S. 55A-11A-4
§ 55A-11A-4: Reserved for future codification purposes.
G.S. 55A-11A-5
§ 55A-11A-5: Reserved for future codification purposes.
G.S. 55A-11A-6
§ 55A-11A-6: Reserved for future codification purposes.
G.S. 55A-11A-7
§ 55A-11A-7: Reserved for future codification purposes.
G.S. 55A-11A-8
§ 55A-11A-8: Reserved for future codification purposes.
G.S. 55A-11A-9
§ 55A-11A-9: Reserved for future codification purposes.
G.S. 55A-11A-10
§ 55A-11A-10. Conversion.
Article 12 - Transfer of Assets.
G.S. 55A-12-01
§ 55A-12-01. Sale of assets in regular course of activities and mortgage of assets.
G.S. 55A-12-02
§ 55A-12-02. Sale of assets other than in regular course of activities.
Article 13 - Distributions.
G.S. 55A-13-01
§ 55A-13-01. Prohibited distributions.
G.S. 55A-13-02
§ 55A-13-02. Authorized distributions.
Article 14 - Dissolution.
G.S. 55A-14-01
§ 55A-14-01. Dissolution by incorporators or directors prior to commencement of activities.
G.S. 55A-14-02
§ 55A-14-02. Dissolution by directors, members, and third persons.
G.S. 55A-14-03
§ 55A-14-03. Plan of dissolution.
G.S. 55A-14-04
§ 55A-14-04. Articles of dissolution.
G.S. 55A-14-05
§ 55A-14-05. Revocation of dissolution.
G.S. 55A-14-06
§ 55A-14-06. Effect of dissolution.
G.S. 55A-14-07
§ 55A-14-07. Known claims against dissolved corporation.
G.S. 55A-14-08
§ 55A-14-08. Unknown and certain other claims against dissolved corporation.
G.S. 55A-14-09
§ 55A-14-09. Enforcement of claims.
G.S. 55A-14-10 through 55A-14-19
§§ 55A-14-10 through 55A-14-19. Reserved for future codification purposes.
G.S. 55A-14-20
§ 55A-14-20. Grounds for administrative dissolution.
G.S. 55A-14-21
§ 55A-14-21. Procedure for and effect of administrative dissolution.
G.S. 55A-14-22
§ 55A-14-22. Reinstatement following administrative dissolution.
G.S. 55A-14-23
§ 55A-14-23. Appeal from denial of reinstatement.
G.S. 55A-14-24
§ 55A-14-24. Inapplicability of Administrative Procedure Act.
G.S. 55A-14-25 through 55A-14-29
§§ 55A-14-25 through 55A-14-29. Reserved for future codification purposes.
G.S. 55A-14-30
§ 55A-14-30. Grounds for judicial dissolution.
G.S. 55A-14-31
§ 55A-14-31. Procedure for judicial dissolution.
G.S. 55A-14-32
§ 55A-14-32. Receivership.
G.S. 55A-14-33
§ 55A-14-33. Decree of dissolution.
G.S. 55A-14-34 through 55A-14-39
§§ 55A-14-34 through 55A-14-39. Reserved for future codification purposes.
G.S. 55A-14-40
§ 55A-14-40. Disposition of amounts due to unavailable members and creditors.
Article 14A - Reorganization.
G.S. 55A-14A-01
§ 55A-14A-01. Fundamental changes in reorganization proceedings.
Article 15 - Foreign Corporations.
G.S. 55A-15-01
§ 55A-15-01. Authority to conduct affairs required.
G.S. 55A-15-02
§ 55A-15-02. Consequences of conducting affairs without authority.
G.S. 55A-15-03
§ 55A-15-03. Application for certificate of authority.
G.S. 55A-15-04
§ 55A-15-04. Amended certificate of authority.
G.S. 55A-15-05
§ 55A-15-05. Effect of certificate of authority.
G.S. 55A-15-06
§ 55A-15-06: Repealed by Session Laws 2001-358, s. 22, effective January 1, 2002.
G.S. 55A-15-07
§ 55A-15-07. Registered office and registered agent of foreign corporation.
G.S. 55A-15-08
§§ 55A-15-08 through 55A-15-10: Repealed by Session Laws 2001-358, s. 48(c), effective January 1, 2002.
G.S. 55A-15-09
§§ 55A-15-08 through 55A-15-10: Repealed by Session Laws 2001-358, s. 48(c), effective January 1, 2002.
G.S. 55A-15-10
§§ 55A-15-08 through 55A-15-10: Repealed by Session Laws 2001-358, s. 48(c), effective January 1, 2002.
G.S. 55A-15-11 through 55A-15-19
§§ 55A-15-11 through 55A-15-19. Reserved for future codification purposes.
G.S. 55A-15-20
§ 55A-15-20. Withdrawal of foreign corporation.
G.S. 55A-15-21
§ 55A-15-21. Withdrawal of foreign corporation by reason of a merger, consolidation, or conversion.
G.S. 55A-15-22 through 55A-15-29
§§ 55A-15-22 through 55A-15-29. Reserved for future codification purposes.
G.S. 55A-15-30
§ 55A-15-30. Grounds for revocation.
G.S. 55A-15-31
§ 55A-15-31. Procedure and effect of revocation.
G.S. 55A-15-32
§ 55A-15-32. Appeal from revocation.
G.S. 55A-15-33
§ 55A-15-33. Inapplicability of Administrative Procedure Act.
Article 16 - Records and Reports.
G.S. 55A-16-01
§ 55A-16-01. Corporate records.
G.S. 55A-16-02
§ 55A-16-02. Inspection of records by members.
G.S. 55A-16-03
§ 55A-16-03. Scope of inspection rights.
G.S. 55A-16-04
§ 55A-16-04. Court-ordered inspection.
G.S. 55A-16-05
§ 55A-16-05. Limitations on use of membership list.
G.S. 55A-16-06 through 55A-16-19
§§ 55A-16-06 through 55A-16-19. Reserved for future codification purposes.
G.S. 55A-16-20
§ 55A-16-20. Financial statements for members.
G.S. 55A-16-21
§ 55A-16-21. Notice of indemnification to members.
G.S. 55A-16-22
§ 55A-16-22: Repealed by Session Laws 1995, c. 539, s. 8.
G.S. 55A-16-23
§ 55A-16-23. Principal office address.
G.S. 55A-16-24
§ 55A-16-24. Financial statements for the public.
Article 17 - Transition and Curative Provisions.
G.S. 55A-17-01
§ 55A-17-01. Applicability of Chapter.
G.S. 55A-17-02
§ 55A-17-02. Certain religious, etc., associations deemed incorporated.
G.S. 55A-17-03
§ 55A-17-03. Saving provisions.
G.S. 55A-17-04
§ 55A-17-04. Severability.
G.S. 55A-17-05
§ 55A-17-05. Validation of amendments to corporate charters extending corporate existence; limitation of actions; intent.