156-45. Shareholders to pay assessments.
Every corporator shall be bound to obey the lawful bylaws of the company, and pay all dues lawfully assessed on him: Provided, he shall in no case pay more than his proportion of the expenses as fixed by this Subchapter; and such dues may be collected in the corporate name in any court having jurisdiction; and every assessment duly docketed in the county where the land to be affected lies shall be a lien on the lands of the debtor which are connected with the corporation from the date of such docketing. (1868-9, c. 164, s. 9; Code, s. 1318; Rev., s. 4003; C.S., s. 5303.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 4 - Rights and Liabilities in the Corporation.
§ 156-44 - Shares of stock annexed to land.
§ 156-45 - Shareholders to pay assessments.
§ 156-46 - Payment of dues entitles to use of canal.
§ 156-47 - Rights of infant owners protected.
§ 156-48 - Compensation for damage to lands.
§ 156-49 - Dissolution of corporation.
§ 156-50 - Laborer's lien for work on canal.
§ 156-51 - Penalty for nonpayment of assessments.