§ 115D-87 Definitions
§ 115D-88 Exemptions
§ 115D-89 State Board of Community Colleges to administer Article; issuance of diplomas by schools; investigation and inspection; rules
§ 115D-89.1 State Board of Proprietary Schools
§ 115D-89.2 Office of Proprietary Schools; staff
§ 115D-89.3 State Board of Proprietary Schools and State Board of Community Colleges; licensing authority and coordination of responsibilities to administer Article
§ 115D-89.4 Powers of the State Board of Proprietary Schools
§ 115D-90 License required; application for license; school bulletins; requirements for issuance of license; license restricted to courses indicated; supplementary applications
§ 115D-91 Duration and renewal of licenses; notice of change of ownership, administration, etc.; license not transferable
§ 115D-92 Authority to establish fees; Commercial Education Fund established; refund of fees
§ 115D-93 Suspension, revocation or refusal of license; notice and hearing; judicial review; grounds
§ 115D-95 Bonds required
§ 115D-95.1 Student Protection Fund
§ 115D-96 Operating school without license or bond made misdemeanor
§ 115D-97 Contracts with unlicensed schools and evidences of indebtedness made null and void

Terms Used In North Carolina General Statutes > Chapter 115D > Article 8 - Proprietary Schools

  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
  • 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.
  • Executor: A male person named in a will to carry out the decedent
  • 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.
  • 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
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • institution: refers to any institution established pursuant to this Chapter. See North Carolina General Statutes 115D-2
  • 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
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
  • 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.
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.
  • property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
  • Quorum: The number of legislators that must be present to do business.
  • 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
  • State Board: refers to the State Board of Community Colleges. See North Carolina General Statutes 115D-2
  • Trustee: A person or institution holding and administering property in trust.