§ 54C-100 Membership of a mutual association
§ 54C-101 Directors
§ 54C-102 Bylaws
§ 54C-103 Duties and liabilities of officers and directors to their associations
§ 54C-104 Conflicts of interest
§ 54C-105 Voting rights
§ 54C-106 Annual meetings notice required
§ 54C-107 Special meetings; notice required
§ 54C-108 Quorum
§ 54C-109 Bonding

Terms Used In North Carolina General Statutes > Chapter 54C > Article 6 - Corporate Administration

  • 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.
  • Fiduciary: A trustee, executor, or administrator.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Quorum: The number of legislators that must be present to do business.
  • 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.