North Carolina Statutes
§ 156-45 — Shareholders to pay assessments
North Carolina·Ch. 156 Drainage·Art. 4 Rights and Liabilities in the Corporation·Subch. II DRAINAGE BY CORPORATION
Every corporator shall be bound to obey the lawful bylaws of the company, and pay all dues lawfully assessed on him: Provided, he shall in no case pay more than his proportion of the expenses as fixed by this Subchapter; and such dues may be collected in the corporate name in any court having jurisdiction; and every assessment duly docketed in the county where the land to be affected lies shall be a lien on the lands of the debtor which are connected with the corporation from the date of such docketing. (1868-9, c. 164, s. 9; Code, s. 1318; Rev., s. 4003; C.S., s. 5303.)
Free access — add to your briefcase to read the full text and ask questions with AI
North Carolina § 156-45 (Shareholders to pay assessments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 156-1
Supplemental proceeding§ 156-10
Right to drain into canal§ 156-100
Sale of bonds§ 156-100.1
Sale of assessment anticipation notes§ 156-100.3
Sinking fund§ 156-101
Refunding bonds issued§ 156-102
Drainage bonds received as deposits§ 156-103
Assessment rolls prepared§ 156-104
Application of amendatory provisions of certain sections; amendment or reformation of proceedings§ 156-108
Receipt books prepared