117-15. Certificates of membership.
A corporation may issue to its members certificates of membership and each member shall be entitled to only one vote at the meetings of the corporation. (1935, c. 291, s. 10.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 2 - Electric Membership Corporations.
§ 117-9 - Issuance of privilege for formation of such corporation.
§ 117-10 - Formation authorized.
§ 117-10.1 - Municipal franchises.
§ 117-10.2 - Restriction on municipal service.
§ 117-11 - Contents of certificate of incorporation.
§ 117-13 - Board of directors; compensation; president and secretary.
§ 117-15 - Certificates of membership.
§ 117-16 - Corporate purpose; terms and conditions of membership.
§ 117-16.1 - Discrimination prohibited.
§ 117-17 - General grant of powers.
§ 117-18 - Specific grant of powers.
§ 117-18.1 - Subsidiary business activities.
§ 117-19 - Taxes and assessments.
§ 117-20 - Encumbrance, sale, etc., of property.
§ 117-22 - Covenants or agreements for security of bonds.
§ 117-23 - Purchase and cancellation of bonds.
§ 117-25 - Amendment of certificate of incorporation.
§ 117-26 - Application for grant or loan from governmental agency.