Article

Corporations for Protection and Development of Forests

N.C. Gen. Stat. § 106-980— Private limited dividend corporations may be formed
N.C. Gen. Stat. § 106-981— Manner of organizing
N.C. Gen. Stat. § 106-982— Directors
N.C. Gen. Stat. § 106-983— Duties of supervision by Commissioner
N.C. Gen. Stat. § 106-984— Powers of Commissioner
N.C. Gen. Stat. § 106-985— Provision for appeal by corporations to Governor
N.C. Gen. Stat. § 106-986— Limitations as to dividends
N.C. Gen. Stat. § 106-987— Issuance of securities restricted
N.C. Gen. Stat. § 106-988— Limitation on bounties to stockholders
N.C. Gen. Stat. § 106-989— Earnings above dividend requirements payable to State
N.C. Gen. Stat. § 106-990— Dissolution of corporation
N.C. Gen. Stat. § 106-991— Cutting and sale of timber
N.C. Gen. Stat. § 106-992— Corporation may not sell or convey without consent of Commissioner, or pay higher interest rate than 6%
N.C. Gen. Stat. § 106-993— Power to borrow money limited
N.C. Gen. Stat. § 106-994— Commissioner to approve development of forests
N.C. Gen. Stat. § 106-995— Application of corporate income
N.C. Gen. Stat. § 106-996— Reorganization of corporations