North Carolina Statutes
§ 54B-100 — Membership of a mutual association
North Carolina § 54B-100
This text of North Carolina § 54B-100 (Membership of a mutual association) 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. § 54B-100 (2026).
Text
The membership of a mutual association organized or operated under the provisions of this Chapter shall consist of:
(1)Those who hold withdrawable accounts in an association; and
(2)Those who borrow funds and those who become obligated on a loan from the association, for such time as the loan remains unpaid and the borrower remains liable to the association for the payment thereof.
Any person in his own right, or in a trust or other fiduciary capacity, or any partnership, association, corporation, political subdivision or public or governmental unit or entity may become a member of a mutual association. Members shall be possessed of such voting rights and such other rights as are provided by an association's certificate of incorporation and bylaws as approved by the Commissioner of Banks
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Nearby Sections
15
§ 54B-1
Title§ 54B-10
Certificate of incorporation§ 54B-100
Membership of a mutual association§ 54B-101
Directors§ 54B-102
Employment policies§ 54B-104
Conflicts of interest§ 54B-105
Voting rights§ 54B-106
Annual meetings; notice required§ 54B-107
Special meetings; notice required§ 54B-108
Quorum§ 54B-109
Indemnification§ 54B-110
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Bluebook (online)
North Carolina § 54B-100, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/54B/54B-100.