North Carolina General Statutes § 54-113 Articles of agreement

The persons desiring to organize such association shall sign and acknowledge written articles which shall contain the name of the association and the names and residences of the persons forming the same. Such articles shall also contain a statement of the purposes of the association and shall designate the city, town, or village where its principal place of business shall be located. The articles shall also state the amount of authorized capital stock, the number of shares authorized, and the par value of each. No shareholder in any corporation organized under this Subchapter shall be personally liable for any debt of the corporation. (1915, c. 144, s. 2; C.S., s. 5244; 1985, c. 542, s. 2.)

Sections:  Previous  54-110.6  54-110.7  54-110.8  54-110.9  54-110.10  54-111  54-112  54-113  54-114  54-115  54-116  54-117  54-118  54-118.1  54-118.2  Next

Last modified: March 23, 2014