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Terms Used In North Carolina General Statutes 106-520.2

  • 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.
  • fair: means a bona fide exhibition designed, arranged and operated to promote, encourage and improve agriculture, horticulture, livestock, poultry, dairy products, mechanical fabrics, domestic economy, and 4-H Club and Future Farmers of America activities, by offering premiums and awards for the best exhibits thereof or with respect thereto. See North Carolina General Statutes 106-520.1

It shall be unlawful for any person, firm, corporation, association, club, or other group of persons to use the word “fair” in connection with any exhibition, circus, show, or other variety of exhibition unless such exhibition is a fair within the meaning of N.C. Gen. Stat. § 106-520.1 (1949, c. 829, s. 1.)