55A-3-01. Purposes.
(a) Every corporation incorporated under this Chapter has the purpose of engaging in any lawful activity unless a more limited purpose is set forth in its articles of incorporation.
(b) A corporation engaging in an activity that is subject to regulation under another statute of this State may incorporate under this Chapter only if permitted by, and subject to all limitations of, the other statute. (1955, c. 1230; 1993, c. 398, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 55A - North Carolina Nonprofit Corporation Act
Article 3 - Purposes and Powers.
§ 55A-3-03 - Emergency powers.
§ 55A-3-05 - Exercise of corporate franchises not granted.
§ 55A-3-06 - Special powers; public parks and drives and certain recreational corporations.
§ 55A-3-07 - Certain corporations subject to Public Records Act and Open Meetings Law.