A corporation may issue to its members certificates of membership and each member shall be entitled to only one vote at the meetings of the corporation.
N.C. Gen. Stat. § 117-15
Certificates of membership
Known as the Electric Membership Corporation Act
The act spans §§ 117-10 to 117-9 (26 sections).
1935, c. 291, s. 10.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.