§ 117-45. Validation. - North Carolina Statutes

§ 117‑45. Validation.

No provision of Article 5 nor any provision thereof shall, or shall beconstrued to, express or imply the invalidity or invalidation of theincorporation or operations of any electric or telephone membership corporationheretofore organized and operating under Chapter 117 of the General Statutes,including but not limited to North Carolina Electric Membership Corporation andany two or more electric or telephone membership corporations which havesubstantively merged or consolidated; and any such substantive mergers orconsolidations are hereby specifically validated. (1979, c. 285, s. 4.)