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the North Carolina General Statutes
2011 North Carolina General Statutes
Chapter 55A North Carolina Nonprofit Corporation Act.
Article 6 - Members and Memberships.
55A-6-21. Prohibition of stock.
Universal Citation:
NC Gen Stat § 55A-6-21
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55A‑6‑21. Prohibition of stock.
A corporation shall neither authorize nor issue shares of stock. (1955, c. 1230; 1985 (Reg. Sess., 1986), c. 801, s. 32; 1993, c. 398, s. 1.)
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