§ 54-111 Nature of the association
§ 54-112 Use of term restricted
§ 54-113 Articles of agreement
§ 54-114 Certificate of incorporation
§ 54-115 Fees for incorporation
§ 54-116 Bylaws adopted
§ 54-117 General corporation law or general nonprofit corporation law applied; dealing in products of, or renting to, nonmembers
§ 54-118 Other corporations admitted
§ 54-118.1 License taxes
§ 54-118.2 Franchise taxes

Terms Used In North Carolina General Statutes > Chapter 54 > Article 16 - Organization of Associations

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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.
  • 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