§ 58-20-1 Short title
§ 58-20-5 Definitions
§ 58-20-10 Commercial Fishermen Hull Insurance, and Protection and Indemnity Clubs authorized
§ 58-20-15 Board of trustees
§ 58-20-20 Mutual agreement for indemnification
§ 58-20-25 Termination of Club membership; notice
§ 58-20-30 Financial monitoring and evaluation of clubs
§ 58-20-35 Insolvency or impairment of Club
§ 58-20-40 Immunity of administrators and boards of trustees

Terms Used In North Carolina General Statutes > Chapter 58 > Article 20 - Hull Insurance, and Protection and Indemnity Clubs

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
  • Trustee: A person or institution holding and administering property in trust.