North Carolina General Statutes
Article 16 - Records and Reports.
§ 55-16-01.1 - Definitions.

55-16-01.1. Definitions.
In this Article, the following definitions apply:
(1) Reserved.
(2) Reserved.
(3) Qualified shareholder. - A person who has been a shareholder in the corporation for at least six months immediately preceding the shareholder's demand for inspection of records or who holds at least five percent (5%) of the corporation's outstanding shares of any class.
(4) Shareholder. - A record shareholder or a beneficial shareholder whose shares are held in a voting trust or by a nominee on the beneficial shareholder's behalf and whose beneficial ownership is certified to the corporation by that voting trust or nominee. (2021-106, s. 6(b).)

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