The provisions of the Nonprofit Corporation Act (Chapter 55A of the General Statutes) shall apply, so far as appropriate, to every cooperative association without capital stock heretofore or hereafter organized or domesticated under this Subchapter, except where the provisions of that act are in conflict with or inconsistent with the express provisions of this Subchapter.
N.C. Gen. Stat. § 54-142.1
Application of Nonprofit Corporation Act to cooperative associations without capital stock
Known as the Cooperative Marketing Act
The act spans §§ 54–54 (18 sections).
Applied in 1 court decision — leading case Teresa Speaks v. U. S. Tobacco Cooperative (2022)
Most recently applied in Teresa Speaks v. U. S. Tobacco Cooperative (April 2022)
1963, c. 1168, s. 9.
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.