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Short Title and Reservation of Power

Short Title and Reservation of Power 2025

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Chapter 55 of the North Carolina Business Corporation Act outlines the general provisions, filing requirements, and operational guidelines for corporations in North Carolina. It includes sections on the authority to amend articles of incorporation, procedures for mergers and share exchanges, shareholder rights including appraisal rights, and the roles and responsibilities of directors and officers. The chapter also addresses administrative dissolution, judicial dissolution, and the handling of corporate records and reports. Overall, it serves as a comprehensive legal framework governing corporate operations within the state.

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