55A-6-21. Prohibition of stock.
A corporation shall neither authorize nor issue shares of stock. (1955, c. 1230; 1985 (Reg. Sess., 1986), c. 801, s. 32; 1993, c. 398, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 55A - North Carolina Nonprofit Corporation Act
Article 6 - Members and Memberships.
§ 55A-6-20 - Designations, qualifications, rights, and obligations of members.
§ 55A-6-21 - Prohibition of stock.
§ 55A-6-22 - Member's liability to third parties.
§ 55A-6-23 - Member's liability for dues, assessments, and fees.
§ 55A-6-24 - Creditor's action against member.