STATE STATUTES & CODES

NORTH CAROLINA STATUTES AND CODES

Chapter 54 - Cooperative Organizations.

• §§ 54-1 through 54-12.1. Repealed by Session Laws 1981, c. 282, s. 1.
• §§ 54-13 through 54-18.2. Repealed by Session Laws 1981, c. 282, s. 1.
• §§ 54-18.3 through 54-18.6. Repealed by Session Laws 1981, c. 282, s. 1.
• §§ 54-19 through 54-23. Repealed by Session Laws 1981, c. 282, s. 1.
• §§ 54-24 through 54-33.3. Repealed by Session Laws 1981, c. 282, s. 1.
• §§ 54-34 through 54-41. Repealed by Session Laws 1981, c. 282, s. 1.
• § 54-41.1. Repealed by Session Laws 1981, c. 282, s. 1.
• §§ 54-42 through 54-43: Repealed by Session Laws 1981, c. 282, s. 1.
• § 54-44. Repealed by Session Laws 1981, c. 282, s. 1.
• §§ 54-44.1 through 54-44.14. Repealed by Session Laws 1981, c. 282, s. 1.
• § 54-45. Application of term.
• § 54-46. Incorporation and powers.
• § 54-47. Loans.
• § 54-48. Reserve associations.
• § 54-49. Land Conservation and Development Bureau; land mortgage associations.
• § 54-50. Number of incorporators; capital stock.
• § 54-51. Incorporation.
• § 54-52. Organization.
• § 54-53. Corporate powers.
• § 54-54. Restrictions.
• § 54-55. Mortgage forms; approval.
• § 54-56. Repayment of loan and interest.
• § 54-57. Terms of payment.
• § 54-58. Transfer of mortgaged lands.
• § 54-59. Calling in loans before due.
• § 54-60. Partial recall of debt.
• § 54-61. Foreclosure.
• § 54-62. Appraisal of lands.
• § 54-63. Preference prohibited; association borrowing money.
• § 54-64. Bond issues.
• § 54-65. Deed of trust.
• § 54-66. Collaterals deposited with State Treasurer.
• § 54-67. Redemption of bonds.
• § 54-68. Validity of bonds after maturity.
• § 54-69. Bonds as payment.
• § 54-70. Bonds as investments.
• § 54-71. Application of earnings; reserve fund.
• § 54-72. Restriction on holding real estate.
• § 54-73. Banking laws applicable.
• §§ 54-74 through 54-75.1. Repealed by Session Laws 1975, c. 538, s. 1.
• §§ 54-76 through 54-81. Repealed by Session Laws 1975, c. 538, s. 1.
• §§ 54-82 through 54-93. Repealed by Session Laws 1975, c. 538, s. 1.
• §§ 54-94 through 54-97. Repealed by Session Laws 1975, c. 538, s. 1.
• §§ 54-98 through 54-104. Repealed by Session Laws 1975, c. 538, s. 1.
• §§ 54-105 through 54-109. Repealed by Session Laws 1975, c. 538, s. 1.
• § 54-109.1. Definition and purposes.
• § 54-109.2. Organization procedure.
• § 54-109.3. Form of articles and bylaws.
• § 54-109.4. Amendments.
• § 54-109.5. Use of name exclusive.
• § 54-109.6. Office facilities.
• § 54-109.7. Conducting business outside this State.
• § 54-109.8. Reserved for future codification purposes.
• § 54-109.9. Reserved for future codification purposes.
• § 54-109.10. Creation and supervision of Division.
• § 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. Annual examinations required; payment of cost.
• § 54-109.17. Records.
• § 54-109.18. Selection of attorneys to handle loan-closing proceedings.
• § 54-109.19. Removal of officers.
• § 54-109.20. Reserved for future codification purposes.
• § 54-109.21. General powers.
• § 54-109.22. Incidental powers.
• §§ 54-109.23 through 54-109.25. Reserved for future codification purposes.
• § 54-109.26. "Membership" defined.
• § 54-109.27. Societies and other associations.
• § 54-109.28. Other credit unions.
• § 54-109.29. Members who leave field.
• § 54-109.30. Liability of shareholders.
• § 54-109.31. Meetings of members.
• §§ 54-109.32 through 54-109.34. Reserved for future codification purposes.
• § 54-109.35. Election or appointment of officials.
• § 54-109.36. Record of board and committee members.
• § 54-109.37. Vacancies.
• § 54-109.38. Compensation of officials.
• § 54-109.39. Conflicts of interest.
• § 54-109.40. Executive officers.
• § 54-109.41. Authority of directors.
• § 54-109.42. Executive committee.
• § 54-109.43. Meetings of directors.
• § 54-109.44. Duties of directors.
• § 54-109.45. Authority of credit committee.
• § 54-109.46. Meetings of credit committee.
• § 54-109.47. Loan officers.
• § 54-109.48. When credit committee dispensed with.
• § 54-109.49. Duties of supervisory committee.
• §§ 54-109.50 through 54-109.52. Reserved for future codification purposes.
• § 54-109.53. Shares.
• § 54-109.54. Dividends.
• § 54-109.55. Deposits.
• § 54-109.56. Thrift accounts.
• § 54-109.57. Payable on Death (POD) accounts.
• § 54-109.58. Joint accounts.
• § 54-109.59. Liens.
• § 54-109.60. Repealed by Session Laws 1977, c. 559, s. 6.
• § 54-109.61. Reduction in shares.
• § 54-109.62. Reserved for future codification purposes.
• § 54-109.63. Personal agency accounts.
• § 54-109.64. Reserved for future codification purposes.
• § 54-109.65. Purposes, terms and interest rate.
• § 54-109.66. Application.
• § 54-109.67. Loan limit.
• § 54-109.68. Security.
• § 54-109.69. Installments.
• § 54-109.70. Line of credit.
• § 54-109.71. Other loan programs.
• §§ 54-109.72 through 54-109.74. Reserved for future codification purposes.
• § 54-109.75. Insurance for members.
• § 54-109.76. Liability insurance for officers.
• § 54-109.77. Group purchasing.
• § 54-109.78. Share and deposit insurance.
• §§ 54-109.79 through 54-109.81. Reserved for future codification purposes.
• § 54-109.82. Investment of funds.
• §§ 54-109.83 through 54-109.85. Reserved for future codification purposes.
• § 54-109.86. Transfers to regular reserve.
• § 54-109.87. Use of regular reserve.
• § 54-109.88. "Risk assets" defined.
• §§ 54-109.89 through 54-109.91. Reserved for future codification purposes.
• § 54-109.92. Suspension and conservation.
• § 54-109.93. Liquidation.
• § 54-109.94. Merger.
• § 54-109.95. Conversion of charter.
• §§ 54-109.96 through 54-109.98. Reserved for future codification purposes.
• § 54-109.99. Restriction of taxation.
• §§ 54-109.100 through 54-109.104. Reserved for future codification purposes.
• § 54-109.105. What information deemed confidential; disclosure; certain information deemed public; exchange of information.
• § 54-109.106. Foreign Credit Unions.
• § 54-110: Recodified as §§ 54-110.1 through 54-110.10.
• § 54-110.1. Definition and purposes.
• § 54-110.2. Membership.
• § 54-110.3. Charter and name exclusive.
• § 54-110.4. Organization.
• § 54-110.5. Powers and privileges.
• § 54-110.6. Participation in central system.
• § 54-110.7. Right of set-off; security interest.
• § 54-110.8. Fees.
• § 54-110.9. Reserves.
• § 54-110.10. Applicability of Article.
• § 54-111. Nature of the association.
• § 54-111.1. Repealed by Session Laws 1959, c. 991.
• § 54-112. Use of term restricted.
• § 54-113. Articles of agreement.
• § 54-114. Certificate of incorporation.
• § 54-115. Fees for incorporation.
• § 54-116. Bylaws adopted.
• § 54-117. General corporation law or general nonprofit corporation law applied; dealing in products of, or renting to, nonmembers.
• § 54-118. Other corporations admitted.
• § 54-118.1. License taxes.
• § 54-118.2. Franchise taxes.
• § 54-119. Certificate for stock fully paid.
• § 54-120. Ownership of shares limited.
• § 54-121. Shares issued on purchase of business.
• § 54-122. Absent members voting.
• § 54-123. Directors and other officers.
• § 54-124. Nature of business authorized.
• § 54-125. Amendment of articles.
• § 54-126. Apportionment of earnings.
• § 54-127. Time of allocation.
• § 54-128. Annual reports.
• § 54-129. Declaration of policy.
• § 54-130. Definitions and nature.
• § 54-131. Who may organize.
• § 54-132. Purposes.
• § 54-133. Preliminary investigation.
• § 54-134. Articles of incorporation.
• § 54-135. Amendments to articles of incorporation.
• § 54-136. Bylaws.
• § 54-137. General and special meetings; how called.
• § 54-138. Conflicting laws not to apply.
• § 54-139. Foreign cooperative corporations; limitation on use of word "cooperative."
• § 54-140. Association heretofore organized may adopt the provisions of this Subchapter.
• § 54-141. Associations not in restraint of trade.
• § 54-142. Application of North Carolina Business Corporation Act to cooperative associations with capital stock.
• § 54-142.1. Application of Nonprofit Corporation Act to cooperative associations without capital stock.
• § 54-143. License taxes.
• § 54-143.1. Franchise taxes.
• § 54-144. Filing fees.
• § 54-145. Members.
• § 54-146. Directors; election.
• § 54-147. Election of officers.
• § 54-148. Stock; membership certificates; when issued; voting; liability; limitation on transfer of ownership.
• § 54-149. Removal of officer or director.
• § 54-150. Referendum.
• § 54-151. Powers.
• § 54-152. Marketing contract.
• § 54-153. Purchasing business of other associations, persons, firms, or corporations; payment; stock issued.
• § 54-154. Annual reports.
• § 54-155. Interest in other corporations or associations.
• § 54-156. Contracts and agreements with other associations.
• § 54-157. Breach of marketing contract of cooperative association; spreading false reports about the finances or management thereof; misdemeanor.
• § 54-158. Cooperative associations may form subsidiaries.
• § 54-159. Procedure for merger.
• § 54-160. Procedure for consolidation.
• § 54-161. Approval of merger or consolidation; abandonment.
• § 54-162. Articles of merger or consolidation.
• § 54-163. Effect of merger or consolidation.
• § 54-164. Merger or consolidation of domestic and foreign associations.
• § 54-165. Sale, lease or exchange of assets; mortgage or pledge of assets.
• § 54-166. Rights of objecting members.

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