State Codes and Statutes
Statutes > North-carolina > Chapter_54
§§ 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 Repealed by Session Laws 1981, c. 282, s. 1.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 Repealed by Session Laws 1981, c. 282, s. 1.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 Repealed by Session Laws 1981, c. 282, s. 1.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 Repealed by Session Laws 1981, c. 282, s. 1.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 Repealed by Session Laws 1981, c. 282, s. 1.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 Repealed by Session Laws 1981, c. 282, s. 1.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 Repealed by Session Laws 1981, c. 282, s. 1.
§§ 54-42 through 54-43: Repealed by Session Laws 1981, c. 282, s. 1.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 Repealed by Session Laws 1981, c. 282, s. 1.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 Repealed by Session Laws 1981, c. 282, s. 1.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 Repealed by Session Laws 1975, c. 538, s. 1.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 Repealed by Session Laws 1975, c. 538, s. 1.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 Repealed by Session Laws 1975, c. 538, s. 1.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 Repealed by Session Laws 1975, c. 538, s. 1.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 Repealed by Session Laws 1975, c. 538, s. 1.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 Repealed by Session Laws 1975, c. 538, s. 1.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.
State Codes and Statutes
Statutes > North-carolina > Chapter_54
§§ 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.
State Codes and Statutes
Statutes >
North-carolina >
Chapter_54§§ 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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