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Terms Used In North Carolina General Statutes 106-265

  • 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.

It shall be unlawful for any person, firm or corporation engaged in the business herein regulated to fail to furnish the information and file the reports required by this Article, and each day’s failure to furnish the reports required hereunder shall constitute a separate offense. (1941, c. 162, s. 6.)