(a)        There is established the Piedmont Triad Research Institute as a nonprofit corporation registered and regulated pursuant to Chapter 55A of the N.C. Gen. Stat..

(b)        The Articles of Incorporation of the Institute shall constitute the board of directors of the Institute of individuals representing industrial and business interests in the Triad area, and of representatives of the following universities:

(1)        North Carolina Agricultural and Technical State University;

(2)        North Carolina State University at Raleigh;

(3)        Wake Forest University; and

(4)        Winston-Salem State University.

(c)        The Institute is established to further education and research in engineering, particularly as engineering may be applied to medicine. (1991, c. 316.)

Terms Used In North Carolina General Statutes 116-250

  • 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.
  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • 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
  Previous section
Next section  
 Article 31 Contents