North Carolina General Statutes
Article 13 - Distributions.
§ 55A-13-01 - Prohibited distributions.

55A-13-01. Prohibited distributions.
Except as authorized by G.S. 55A-13-02 or Article 14 of this Chapter, a corporation shall not make any distributions. (1955, c. 1230; 1985 (Reg. Sess., 1986), c. 801, s. 32; 1993, c. 398, s. 1.)

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Structure North Carolina General Statutes

North Carolina General Statutes

Chapter 55A - North Carolina Nonprofit Corporation Act

Article 13 - Distributions.

§ 55A-13-01 - Prohibited distributions.

§ 55A-13-02 - Authorized distributions.