North Carolina Statutes
§ 159B-49 — Associate members
North Carolina·Ch. 159B Joint Municipal Electric Power and Energy Act·Art. 3 Joint Municipal Assistance Agencies
Notwithstanding the provisions of Article 1 of Chapter 159B of the General Statutes or any other provision of law, a joint municipal assistance agency may, in its bylaws, create associate memberships. An associate member of a joint municipal assistance agency shall have only those rights, privileges, immunities, powers, authority, and responsibilities as set forth in the bylaws of the joint municipal assistance agency; provided, that:
(1)An associate member shall not have the right to appoint a commissioner or alternate commissioner, have the right to vote or otherwise participate in decisions of the joint municipal assistance agency;
(2)An associate member shall not have the right to a distribution of assets upon dissolution of the joint municipal assistance agency; and
(3)Income from
Free access — add to your briefcase to read the full text and ask questions with AI
North Carolina § 159B-49 (Associate members) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(1991, c. 291, s. 2.)
Nearby Sections
15
§ 159B-1
Short title§ 159B-14
Bonds of a joint agency§ 159B-15
Issuance of bonds§ 159B-16
Resolution or trust agreement§ 159B-16.1
Revenues - NCEMPA members§ 159B-17
Revenues - other municipalities§ 159B-18
Trust funds; investment authority§ 159B-19
Remedies§ 159B-21
Bonds eligible for investment