§ 58-24-55. Institutions.
§58‑24‑55. Institutions.
A society may create, maintainand operate, or may establish organizations to operate, not for profitinstitutions to further the purposes permitted by G.S. 58‑24‑20(a)(2). Such institutions may furnish services free or at a reasonable charge. Anyreal or personal property owned, held or leased by the society for this purposeshall be reported in every annual statement. (1987, c. 483, s. 2.)