§ 55-6-26. Shares without certificate. - North Carolina Statutes

§55‑6‑26.  Shares without certificate.

(a)        Unless the articlesof incorporation or bylaws provide otherwise, the board of directors of acorporation may authorize the issue of some or all of the shares of any or allof its classes or series without certificates.  The authorization does notaffect shares already represented by certificates until they are surrendered tothe corporation.

(b)        Within a reasonabletime after the issue or transfer of shares without certificates, thecorporation shall send the shareholder a written statement of the informationrequired on certificates by G.S. 55‑6‑25(b) and (c), and ifapplicable, G.S. 55‑6‑27. (1989, c. 265, s. 1.)