Each corporation formed under this Article is hereby vested with all power necessary or requisite for the accomplishment of its corporate purpose and capable of being delegated by the legislature; and no enumeration of particular powers hereby granted shall be construed to impair any general grant of power herein contained, nor to limit any such grant to a power or powers of the same class as those so enumerated.
N.C. Gen. Stat. § 117-17
General grant of powers
Known as the Electric Membership Corporation Act
The act spans §§ 117-10 to 117-9 (26 sections).
Applied in 4 court decisions — leading case Hammonds v. Lumbee River Electric Membership Corp. (2006)
Most recently applied in Lockerman v. South River Elec. Membership Corp. (August 2012)
1935, c. 291, s. 12.
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.