§ 55-16-01 Corporate records
§ 55-16-01.1 Definitions
§ 55-16-02 Inspection of records by shareholders
§ 55-16-03 Scope of inspection right
§ 55-16-04 Court-ordered inspection
§ 55-16-05 Inspection of records by directors
§ 55-16-06 Exception to notice requirements
§ 55-16-20 Financial statements for shareholders
§ 55-16-22 Annual report
§ 55-16-22.2 Report of veteran-owned small businesses and service-disabled veteran-owned small businesses

Terms Used In North Carolina General Statutes > Chapter 55 > Article 16 - Records and Reports

  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.