State Codes and Statutes
Statutes > North-carolina > Chapter_55 > GS_55-2-03§ 55‑2‑03. Incorporation.
(a) Corporate existencebegins when the articles of incorporation become effective.
(b) The Secretary ofState's filing of the articles of incorporation is conclusive proof that theincorporators satisfied all conditions precedent to incorporation except in aproceeding by the State to cancel or revoke the incorporation or involuntarilydissolve the corporation.
(c) No provision inthis Chapter or any prior act shall be construed to require that a corporationhave more than one shareholder. (1901, c. 2, s. 10; Rev., s. 1140; C.S., s. 1116;G.S., s. 55‑4; 1955, c. 1371, s. 1; 1957, c. 550, ss. 2, 3; 1967, c. 13,s. 3; 1989, c. 265, s. 1; 2001‑387, s. 10.)
