2009 North Carolina Code
Chapter 55 - North Carolina Business Corporation Act.
§ 55-6-26. Shares without certificate.
§ 55‑6‑26. Shares without certificate.
(a) Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or all of the shares of any or all of its classes or series without certificates. The authorization does not affect shares already represented by certificates until they are surrendered to the corporation.
(b) Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by G.S. 55‑6‑25(b) and (c), and if applicable, G.S. 55‑6‑27. (1989, c. 265, s. 1.)
Disclaimer: These codes may not be the most recent version. North Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
