North Carolina General Statutes Chapter 53A Business Development Corporations and North Carolina Capital Resource Corporations

Article 1 - Business Development Corporations.

• N.C. Gen. Stat. § 53A-1 through 53A-19.   Repealed by Session Laws 1995, c. 46, s. 1

Article 2 - North Carolina Capital Resource Corporations.

• N.C. Gen. Stat. § 53A-20.   Expired
• N.C. Gen. Stat. § 53A-21.   Expired
• N.C. Gen. Stat. § 53A-22.   Expired
• N.C. Gen. Stat. § 53A-23.   Expired
• N.C. Gen. Stat. § 53A-24.   Expired
• N.C. Gen. Stat. § 53A-25.   Expired
• N.C. Gen. Stat. § 53A-26.   Expired
• N.C. Gen. Stat. § 53A-27.   Expired
• N.C. Gen. Stat. § 53A-28.   Expired
• N.C. Gen. Stat. § 53A-29.   Expired
• N.C. Gen. Stat. § 53A-30.   Expired
• N.C. Gen. Stat. § 53A-31.   Expired
• N.C. Gen. Stat. § 53A-32.   Expired
• N.C. Gen. Stat. § 53A-33.   Expired
• N.C. Gen. Stat. § 53A-34.   Expired

Article 3 - North Carolina Enterprise Corporations.

• N.C. Gen. Stat. § 53A-35.   Short Title
  This Article shall be known and may be cited as the North Carolina Enterprise Corporation Act. (1987 (Reg. Sess., 1988), c. 882, s. 1.)
• N.C. Gen. Stat. § 53A-36.   Legislative findings and purpose
  (a) The General Assembly finds and declares that there exists in the State of North Carolina a serious shortage of mezzanine finance capital and...
• N.C. Gen. Stat. § 53A-37.   Definitions
  The following definitions apply in this Article: (1) Business. A corporation, partnership, association, or sole proprietorship operated for profit. (2) Equity security. Common stock,...
• N.C. Gen. Stat. § 53A-38.   Incorporation authorized
  (a) One or more persons, a majority of whom are residents of this State, may, by filing a certificate of incorporation as provided in...
• N.C. Gen. Stat. § 53A-39.   Purpose
  The purpose of a North Carolina Enterprise Corporation shall be to promote, stimulate, develop, and advance economic prosperity and stimulate job creation in North...
• N.C. Gen. Stat. § 53A-40.   Corporate name
  The name of the corporation shall include the words "North Carolina Enterprise Corporation". (1987 (Reg. Sess., 1988), c. 882, s. 1.)
• N.C. Gen. Stat. § 53A-41.   Governing law
  Except as otherwise provided in this Article, a North Carolina Enterprise Corporation shall be governed by Chapter 55 of the General Statutes. (1987 (Reg....
• N.C. Gen. Stat. § 53A-42.   Powers
  A North Carolina Enterprise Corporation created under this Article shall have all the powers conferred on business corporations by Chapter 55 of the General...
• N.C. Gen. Stat. § 53A-43.   Primary investments
  The primary investments of a North Carolina Enterprise Corporation shall be in Qualified North Carolina Businesses that have significant potential to create jobs and...
• N.C. Gen. Stat. § 53A-44.   Prohibited investments
  Investments by a North Carolina Enterprise Corporation shall not be made in any business unless the business can demonstrate to the satisfaction of the...
• N.C. Gen. Stat. § 53A-45.   Board of directors
  The business and affairs of a North Carolina Enterprise Corporation shall be managed and conducted by a board of directors and by such officers...
• N.C. Gen. Stat. § 53A-46.   Repealed by Session Laws 1996, Second Extra Session, c. 14, s. 8
• N.C. Gen. Stat. § 53A-47.   Charter void unless business begun; Article void unless corporation organized
  If a corporation organized pursuant to this Article fails to begin business within three years after the effective date of its charter then its...

Last modified: March 23, 2014