Bylaws
Applied in 1 court decision — leading case 171 N.C. App. 89 - Peninsula Property Owners Association, Inc. v. Crescent Resources (2005)
Most recently applied in 171 N.C. App. 89 - Peninsula Property Owners Association, Inc. v. Crescent Resources (June 2005)
1955, c. 1230; 1993, c. 398, s. 1.
(a) The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation.
(b) The bylaws may contain any provision for regulating and managing the affairs of the corporation that is not inconsistent with law or the articles of incorporation.
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.