North Carolina Statutes
§ 53A-47 — Charter void unless business begun; Article void unless corporation organized
North Carolina § 53A-47
JurisdictionNorth Carolina
Ch. 53ABusiness Development Corporations and North Carolina Capital Resource Corporations
Art. 3North Carolina Enterprise Corporations
This text of North Carolina § 53A-47 (Charter void unless business begun; Article void unless corporation organized) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.C. Gen. Stat. § 53A-47 (2026).
Text
If a corporation organized pursuant to this Article fails to begin business within three years after the effective date of its charter then its charter is void. If, at the expiration of three years after July 1, 1988, no corporation has been organized pursuant to this Article, then on that date this Article shall expire.
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Legislative History
(1987 (Reg. Sess., 1988), c. 882, s. 1.)
Nearby Sections
12
§ 53A-35
Short Title§ 53A-36
Legislative findings and purpose§ 53A-37
Definitions§ 53A-38
Incorporation authorized§ 53A-39
Purpose§ 53A-40
Corporate name§ 53A-41
Governing law§ 53A-42
Powers§ 53A-43
Primary investments§ 53A-44
Prohibited investments§ 53A-45
Board of directorsCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 53A-47, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/53A/53A-47.