North Carolina General Statutes 55-1-50. Electronic transactions
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Terms Used In North Carolina General Statutes 55-1-50
- 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.
For purposes of applying Article 40 of Chapter 66 of the N.C. Gen. Stat. to transactions under this Chapter, a corporation may agree to conduct a transaction by electronic means through provision in its articles of incorporation or bylaws or by action of its board of directors. (2001-387, s. 7.)