Statutes > North Carolina Statutes > Chapter 55A - North Carolina Nonprofit Corporation Act. > § 55A-13-01. Prohibited distributions.

§ 55A-13-01. Prohibited distributions.

Article13.

Distributions.

§ 55A‑13‑01. Prohibited distributions.

Except as authorized by G.S.55A‑13‑02 or Article 14 of this Chapter, a corporation shall notmake any distributions. (1955, c. 1230; 1985 (Reg. Sess., 1986), c. 801, s.32; 1993, c. 398, s. 1.)