There is a newer version
of
this Section
2016 North Carolina General Statutes
Chapter 55A - North Carolina Nonprofit Corporation Act.
Article 13 - Distributions.
§ 55A-13-01 - Prohibited distributions.
Universal Citation: NC Gen Stat § 55A-13-01 (2016)
55A-13-01. Prohibited distributions.
Except as authorized by G.S. 55A-13-02 or Article 14 of this Chapter, a corporation shall not make any distributions. (1955, c. 1230; 1985 (Reg. Sess., 1986), c. 801, s. 32; 1993, c. 398, 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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.