GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1989

H	3 

HOUSE BILL 628
Committee Substitute Favorable 5/5/89
Judiciary II Senate Committee Substitute Adopted 5/30/89

Short Title:  Limit Liab./Credit Union Officer.	(Public)
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March 15, 1989

A BILL TO BE ENTITLED
AN ACT TO PROVIDE FOR LIMITED CIVIL LIABILITY OF A PERSON IN HIS CAPACITY AS A DIRECTOR, TRUSTEE, OR OFFICER OF A CREDIT UNION.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 55A-28.1A is amended by adding a new subsection to read:
"( c)	Without diminishing the applicability of any other provision of this Chapter, ‘nonprofit corporation' as referred to in this section shall include any credit union chartered under the laws of this State, the laws of any other state, or under the laws of the United States."
Sec. 2.  This act is effective upon ratification, and is applicable only to causes of action arising on or after the date of ratification.