North Carolina General Statutes 55A-6-40. Delegates
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(a) A corporation may provide in its articles of incorporation or bylaws for delegates having some or all of the authority of members.
(b) The articles of incorporation or bylaws may set forth provisions relating to:
(1) The characteristics, qualifications, rights, limitations, and obligations of delegates, including their selection and removal;
Terms Used In North Carolina General Statutes 55A-6-40
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2) Calling, noticing, holding, and conducting meetings of delegates; and
(3) Carrying on corporate activities during and between meetings of delegates. (1993, c. 398, s. 1.)