North Carolina Statutes
§ 54-119 — Certificate for stock fully paid
North Carolina § 54-119
JurisdictionNorth Carolina
Ch. 54Cooperative Organizations
Art. 17Stockholders and Officers
Subch. IVCOOPERATIVE ASSOCIATIONS
This text of North Carolina § 54-119 (Certificate for stock fully paid) 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. § 54-119 (2026).
Text
Certificates of stock shall not be issued to any subscriber until fully paid, but the bylaws of the association may allow subscribers to vote as shareholders: Provided, part of the stock subscribed for has been paid in cash. (1915, c. 144, s. 11; C.S., s. 5250.)
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
§ 54-109.1
Definition and purposes§ 54-109.10
Creation and supervision of Division§ 54-109.105
What information deemed confidential; disclosure; certain information deemed public; exchange of information§ 54-109.106
Foreign Credit Unions§ 54-109.11
Duties of Administrator§ 54-109.12
Corporations organized hereunder subject to Administrator of Credit Unions; rules and regulations§ 54-109.13
Revocation of certificate; liquidation§ 54-109.14
Fees§ 54-109.15
Reports§ 54-109.16
Examinations required; payment of cost§ 54-109.17
Records§ 54-109.19
Removal of officers§ 54-109.2
Organization procedure§ 54-109.20
Reserved for future codification purposesCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 54-119, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/54/54-119.