N.C. Gen. Stat. § 106-981

Current through Session Law 2024-56
Section 106-981 - Manner of organizing

A corporation formed under this Article shall be organized and incorporated in the manner provided for organization of corporations under the general corporation laws of the State of North Carolina, except where such provisions are in conflict with this Article. The certificate of organization of any such corporation shall contain a statement that it is organized under the provisions of this Article and that it consents to be and shall be at all times subject to the rules and supervision of the Commissioner, and shall set forth as or among its purposes the protection and development of forests and the purchase, acquisition, sale, conveyance and other dealing in the same and the products therefrom, subject to the rules from time to time imposed by the Commissioner.

N.C. Gen. Stat. § 106-981

Amended by 2018 N.C. Sess. Laws 113,s. 5-b, eff. 6/27/2018.
Amended without change by 2011 N.C. Sess. Laws 145,s. 13.25-dd, eff. 7/1/2011.
Renumbered from § 113-62 by 2011 N.C. Sess. Laws 145,s. 13.25-cc, eff. 7/1/2011, (subsequently renumbered from 106-931 by the state reviser).
1933, c. 178, s. 2; 1973, c. 1262, s. 86; 1977, c. 771, s. 4; 1989, c. 727, s. 81.