There is a newer version of the North Carolina General Statutes
2005 North Carolina Code - General Statutes § 54-109.30. Liability of shareholders.
§ 54‑109.30. Liability of shareholders.
A shareholder of any such corporation, unless the bylaws so provide, shall not be individually liable for the payment of its debts for an amount in excess of the par value of the shares which he owns or for which he has subscribed. (1975, c. 538, s. 1.)
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