printable versionNorth Carolina General Statutes
Chapter 54: Cooperative Organizations.
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- § 54-45. Application of term. [RTF] [PDF]
- § 54-46. Incorporation and powers. [RTF] [PDF]
- § 54-47. Loans. [RTF] [PDF]
- § 54-48. Reserve associations. [RTF] [PDF]
- § 54-49. Land Conservation and Development Bureau; land mortgage associations. [RTF] [PDF]
- § 54-50. Number of incorporators; capital stock. [RTF] [PDF]
- § 54-51. Incorporation. [RTF] [PDF]
- § 54-52. Organization. [RTF] [PDF]
- § 54-53. Corporate powers. [RTF] [PDF]
- § 54-54. Restrictions. [RTF] [PDF]
- § 54-55. Mortgage forms; approval. [RTF] [PDF]
- § 54-56. Repayment of loan and interest. [RTF] [PDF]
- § 54-57. Terms of payment. [RTF] [PDF]
- § 54-58. Transfer of mortgaged lands. [RTF] [PDF]
- § 54-59. Calling in loans before due. [RTF] [PDF]
- § 54-60. Partial recall of debt. [RTF] [PDF]
- § 54-61. Foreclosure. [RTF] [PDF]
- § 54-62. Appraisal of lands. [RTF] [PDF]
- § 54-63. Preference prohibited; association borrowing money. [RTF] [PDF]
- § 54-64. Bond issues. [RTF] [PDF]
- § 54-65. Deed of trust. [RTF] [PDF]
- § 54-66. Collaterals deposited with State Treasurer. [RTF] [PDF]
- § 54-67. Redemption of bonds. [RTF] [PDF]
- § 54-68. Validity of bonds after maturity. [RTF] [PDF]
- § 54-69. Bonds as payment. [RTF] [PDF]
- § 54-70. Bonds as investments. [RTF] [PDF]
- § 54-71. Application of earnings; reserve fund. [RTF] [PDF]
- § 54-72. Restriction on holding real estate. [RTF] [PDF]
- § 54-73. Banking laws applicable. [RTF] [PDF]
- § 54-109.1. Definition and purposes. [RTF] [PDF]
- § 54-109.2. Organization procedure. [RTF] [PDF]
- § 54-109.3. Form of articles and bylaws. [RTF] [PDF]
- § 54-109.4. Amendments. [RTF] [PDF]
- § 54-109.5. Use of name exclusive. [RTF] [PDF]
- § 54-109.6. Office facilities. [RTF] [PDF]
- § 54-109.7. Conducting business outside this State. [RTF] [PDF]
- § 54-109.8. Reserved for future codification purposes. [RTF] [PDF]
- § 54-109.9. Reserved for future codification purposes. [RTF] [PDF]
- § 54-109.10. Creation and supervision of Division. [RTF] [PDF]
- § 54-109.11. Duties of Administrator. [RTF] [PDF]
- § 54-109.12. Corporations organized hereunder subject to Administrator of Credit Unions; rules and regulations. [RTF] [PDF]
- § 54-109.13. Revocation of certificate; liquidation. [RTF] [PDF]
- § 54-109.14. Fees. [RTF] [PDF]
- § 54-109.15. Reports. [RTF] [PDF]
- § 54-109.16. Annual examinations required; payment of cost. [RTF] [PDF]
- § 54-109.17. Records. [RTF] [PDF]
- § 54-109.18. Selection of attorneys to handle loan-closing proceedings. [RTF] [PDF]
- § 54-109.19. Removal of officers. [RTF] [PDF]
- § 54-109.20. Reserved for future codification purposes. [RTF] [PDF]
- § 54-109.21. General powers. [RTF] [PDF]
- § 54-109.22. Incidental powers. [RTF] [PDF]
- §§ 54-109.23 through 54-109.25. Reserved for future codification purposes. [RTF] [PDF]
- § 54-109.26. "Membership" defined. [RTF] [PDF]
- § 54-109.27. Societies and other associations. [RTF] [PDF]
- § 54-109.28. Other credit unions. [RTF] [PDF]
- § 54-109.29. Members who leave field. [RTF] [PDF]
- § 54-109.30. Liability of shareholders. [RTF] [PDF]
- § 54-109.31. Meetings of members. [RTF] [PDF]
- §§ 54-109.32 through 54-109.34. Reserved for future codification purposes. [RTF] [PDF]
- § 54-109.35. Election or appointment of officials. [RTF] [PDF]
- § 54-109.36. Record of board and committee members. [RTF] [PDF]
- § 54-109.37. Vacancies. [RTF] [PDF]
- § 54-109.38. Compensation of officials. [RTF] [PDF]
- § 54-109.39. Conflicts of interest. [RTF] [PDF]
- § 54-109.40. Executive officers. [RTF] [PDF]
- § 54-109.41. Authority of directors. [RTF] [PDF]
- § 54-109.42. Executive committee. [RTF] [PDF]
- § 54-109.43. Meetings of directors. [RTF] [PDF]
- § 54-109.44. Duties of directors. [RTF] [PDF]
- § 54-109.45. Authority of credit committee. [RTF] [PDF]
- § 54-109.46. Meetings of credit committee. [RTF] [PDF]
- § 54-109.47. Loan officers. [RTF] [PDF]
- § 54-109.48. When credit committee dispensed with. [RTF] [PDF]
- § 54-109.49. Duties of supervisory committee. [RTF] [PDF]
- §§ 54-109.50 through 54-109.52. Reserved for future codification purposes. [RTF] [PDF]
- § 54-109.53. Shares. [RTF] [PDF]
- § 54-109.54. Dividends. [RTF] [PDF]
- § 54-109.55. Deposits. [RTF] [PDF]
- § 54-109.56. Thrift accounts. [RTF] [PDF]
- § 54-109.57: Repealed by Session Laws 2011-236, s. 4, effective October 1, 2011. [RTF] [PDF]
- § 54-109.57A. Payable on Death (POD) accounts. [RTF] [PDF]
- § 54-109.58. Joint accounts. [RTF] [PDF]
- § 54-109.59. Liens. [RTF] [PDF]
- § 54-109.60. Repealed by Session Laws 1977, c. 559, s. 6. [RTF] [PDF]
- § 54-109.61. Reduction in shares. [RTF] [PDF]
- § 54-109.62. Reserved for future codification purposes. [RTF] [PDF]
- § 54-109.63. Personal agency accounts. [RTF] [PDF]
- § 54-109.64. Savings promotion raffles. [RTF] [PDF]
- § 54-109.65. Purposes, terms and interest rate. [RTF] [PDF]
- § 54-109.66. Application. [RTF] [PDF]
- § 54-109.67. Loan limit. [RTF] [PDF]
- § 54-109.68. Security. [RTF] [PDF]
- § 54-109.69. Installments. [RTF] [PDF]
- § 54-109.70. Line of credit. [RTF] [PDF]
- § 54-109.71. Other loan programs. [RTF] [PDF]
- §§ 54-109.72 through 54-109.74. Reserved for future codification purposes. [RTF] [PDF]
- § 54-109.75. Insurance for members. [RTF] [PDF]
- § 54-109.76. Liability insurance for officers. [RTF] [PDF]
- § 54-109.77. Group purchasing. [RTF] [PDF]
- § 54-109.78. Share and deposit insurance. [RTF] [PDF]
- §§ 54-109.79 through 54-109.81. Reserved for future codification purposes. [RTF] [PDF]
- § 54-109.82. Investment of funds. [RTF] [PDF]
- §§ 54-109.83 through 54-109.85. Reserved for future codification purposes. [RTF] [PDF]
- § 54-109.86. Transfers to regular reserve. [RTF] [PDF]
- § 54-109.87. Use of regular reserve. [RTF] [PDF]
- § 54-109.88. "Risk assets" defined. [RTF] [PDF]
- §§ 54-109.89 through 54-109.91. Reserved for future codification purposes. [RTF] [PDF]
- § 54-109.92. Suspension and conservation. [RTF] [PDF]
- § 54-109.93. Liquidation. [RTF] [PDF]
- § 54-109.94. Merger. [RTF] [PDF]
- § 54-109.95. Conversion of charter. [RTF] [PDF]
- §§ 54-109.96 through 54-109.98. Reserved for future codification purposes. [RTF] [PDF]
- § 54-109.99. Restriction of taxation. [RTF] [PDF]
- §§ 54-109.100 through 54-109.104. Reserved for future codification purposes. [RTF] [PDF]
- § 54-109.105. What information deemed confidential; disclosure; certain information deemed public; exchange of information. [RTF] [PDF]
- § 54-110.1. Definition and purposes. [RTF] [PDF]
- § 54-110.2. Membership. [RTF] [PDF]
- § 54-110.3. Charter and name exclusive. [RTF] [PDF]
- § 54-110.4. Organization. [RTF] [PDF]
- § 54-110.5. Powers and privileges. [RTF] [PDF]
- § 54-110.6. Participation in central system. [RTF] [PDF]
- § 54-110.7. Right of set-off; security interest. [RTF] [PDF]
- § 54-110.8. Fees. [RTF] [PDF]
- § 54-110.9. Reserves. [RTF] [PDF]
- § 54-110.10. Applicability of Article. [RTF] [PDF]
- § 54-111. Nature of the association. [RTF] [PDF]
- § 54-111.1. Repealed by Session Laws 1959, c. 991. [RTF] [PDF]
- § 54-112. Use of term restricted. [RTF] [PDF]
- § 54-113. Articles of agreement. [RTF] [PDF]
- § 54-114. Certificate of incorporation. [RTF] [PDF]
- § 54-115. Fees for incorporation. [RTF] [PDF]
- § 54-116. Bylaws adopted. [RTF] [PDF]
- § 54-117. General corporation law or general nonprofit corporation law applied; dealing in products of, or renting to, nonmembers. [RTF] [PDF]
- § 54-118. Other corporations admitted. [RTF] [PDF]
- § 54-118.1. License taxes. [RTF] [PDF]
- § 54-118.2. Franchise taxes. [RTF] [PDF]
- § 54-119. Certificate for stock fully paid. [RTF] [PDF]
- § 54-120. Ownership of shares limited. [RTF] [PDF]
- § 54-121. Shares issued on purchase of business. [RTF] [PDF]
- § 54-122. Absent members voting. [RTF] [PDF]
- § 54-123. Directors and other officers. [RTF] [PDF]
- § 54-124. Nature of business authorized. [RTF] [PDF]
- § 54-125. Amendment of articles. [RTF] [PDF]
- § 54-126. Apportionment of earnings. [RTF] [PDF]
- § 54-127. Time of allocation. [RTF] [PDF]
- § 54-128. Annual reports. [RTF] [PDF]
- § 54-129. Declaration of policy. [RTF] [PDF]
- § 54-130. Definitions and nature. [RTF] [PDF]
- § 54-131. Who may organize. [RTF] [PDF]
- § 54-132. Purposes. [RTF] [PDF]
- § 54-133. Preliminary investigation. [RTF] [PDF]
- § 54-134. Articles of incorporation. [RTF] [PDF]
- § 54-135. Amendments to articles of incorporation. [RTF] [PDF]
- § 54-136. Bylaws. [RTF] [PDF]
- § 54-137. General and special meetings; how called. [RTF] [PDF]
- § 54-138. Conflicting laws not to apply. [RTF] [PDF]
- § 54-139. Foreign cooperative corporations; limitation on use of word "cooperative." [RTF] [PDF]
- § 54-140. Association heretofore organized may adopt the provisions of this Subchapter. [RTF] [PDF]
- § 54-141. Associations not in restraint of trade. [RTF] [PDF]
- § 54-142. Application of North Carolina Business Corporation Act to cooperative associations with capital stock. [RTF] [PDF]
- § 54-142.1. Application of Nonprofit Corporation Act to cooperative associations without capital stock. [RTF] [PDF]
- § 54-143. License taxes. [RTF] [PDF]
- § 54-143.1. Franchise taxes. [RTF] [PDF]
- § 54-144. Filing fees. [RTF] [PDF]
- § 54-145. Members. [RTF] [PDF]
- § 54-146. Directors; election. [RTF] [PDF]
- § 54-147. Election of officers. [RTF] [PDF]
- § 54-148. Stock; membership certificates; when issued; voting; liability; limitation on transfer of ownership. [RTF] [PDF]
- § 54-149. Removal of officer or director. [RTF] [PDF]
- § 54-150. Referendum. [RTF] [PDF]
- § 54-151. Powers. [RTF] [PDF]
- § 54-152. Marketing contract. [RTF] [PDF]
- § 54-153. Purchasing business of other associations, persons, firms, or corporations; payment; stock issued. [RTF] [PDF]
- § 54-154. Annual reports. [RTF] [PDF]
- § 54-155. Interest in other corporations or associations. [RTF] [PDF]
- § 54-156. Contracts and agreements with other associations. [RTF] [PDF]
- § 54-157. Breach of marketing contract of cooperative association; spreading false reports about the finances or management thereof; misdemeanor. [RTF] [PDF]
- § 54-158. Cooperative associations may form subsidiaries. [RTF] [PDF]
- § 54-159. Procedure for merger. [RTF] [PDF]
- § 54-160. Procedure for consolidation. [RTF] [PDF]
- § 54-161. Approval of merger or consolidation; abandonment. [RTF] [PDF]
- § 54-162. Articles of merger or consolidation. [RTF] [PDF]
- § 54-163. Effect of merger or consolidation. [RTF] [PDF]
- § 54-164. Merger or consolidation of domestic and foreign associations. [RTF] [PDF]
- § 54-165. Sale, lease or exchange of assets; mortgage or pledge of assets. [RTF] [PDF]
- § 54-166. Rights of objecting members. [RTF] [PDF]
