§ 53A-35 Short Title
§ 53A-36 Legislative findings and purpose
§ 53A-37 Definitions
§ 53A-38 Incorporation authorized
§ 53A-39 Purpose
§ 53A-40 Corporate name
§ 53A-41 Governing law
§ 53A-42 Powers
§ 53A-43 Primary investments
§ 53A-44 Prohibited investments
§ 53A-45 Board of directors
§ 53A-47 Charter void unless business begun; Article void unless corporation organized

Terms Used In North Carolina General Statutes > Chapter 53A > Article 3 - North Carolina Enterprise Corporations

  • 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.
  • 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.
  • 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.