Public-domain · open source
OpenJurist

N.C. Gen. Stat. § 117-17

General grant of powers

Showing this section's text as in effect on June 1, 2021 (in force June 1, 2021 – April 1, 2022). View current text →

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.

History

(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.