55A-3-05. Exercise of corporate franchises not granted.
The Attorney General may upon the Attorney General's own information or upon complaint of a private party bring an action in the name of the State to restrain any person from exercising corporate franchises not granted. (1985 (Reg. Sess., 1986), c. 801, s. 5; 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.