Incorporation
Applied in 2 court decisions — leading case 175 N.C. App. 628 - East Market Street Square, Inc. v. Tycorp Pizza IV, Inc. (2006)
Most recently applied in Battleground Veterinary Hosp., P.C. v. McGeoughâ (October 2007)
1901, c. 2, s. 10; Rev., s. 1140; C.S., s. 1116; G.S., s. 55-4; 1955, c. 1371, s. 1; 1957, c. 550, ss. 2, 3; 1967, c. 13, s. 3; 1989, c. 265, s. 1; 2001-387, s. 10.
(a) Corporate existence begins when the articles of incorporation become effective.
(b) The Secretary of State's filing of the articles of incorporation is conclusive proof that the incorporators satisfied all conditions precedent to incorporation except in a proceeding by the State to cancel or revoke the incorporation or involuntarily dissolve the corporation.
(c) No provision in this Chapter or any prior act shall be construed to require that a corporation have more than one shareholder.
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.