Attorney's Note

Under the N.C. Gen. Statutes, punishments for crimes depend on the classification. In the case of this section:
ClassPrisonFine
Class I felonybetween 3 and 12 months
Class 1 misdemeanorup to 120 days
For details, see § 15A-1340.17 and § 15A-1340.23

Terms Used In North Carolina General Statutes 20-350

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

Any person, firm or corporation violating N.C. Gen. Stat. § 20-343 shall be guilty of a Class I felony.  A violation of any remaining provision of this Article shall be a Class 1 misdemeanor. (1973, c. 679, s. 1; 1989, c. 482, s. 7.1; 1993, c. 539, ss. 391, 1262; 1994, Ex. Sess., c. 24, s. 14(c).)