There is a newer version of the North Carolina General Statutes
2009 North Carolina Code
Chapter 156 - Drainage.
§ 156-49. Dissolution of corporation.
§ 156‑49. Dissolution of corporation.
If, from any cause, the canal or other improvement shall become or shall prove to be valueless, any corporator may apply as is provided in other cases of special proceedings, and the court may dissolve the corporation created in connection with it. (1868‑9, c. 164, s. 13; Code, s. 1322; Rev., s. 4007; C.S., s. 5307.)
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