North Carolina § 55-9-02 - Voting requirement.
Full text of North Carolina North Carolina General Statutes § 55-9-02 — Voting requirement., with citation guidance and answers to common questions.
§ 55-9-02. Voting requirement.
Notwithstanding any other provisions of the North Carolina Business Corporation Act, the affirmative vote of the holders of ninety-five percent (95%) of the voting shares of a corporation, considered for the purposes of this section as one class, shall be required for the adoption or authorization of a business combination with any other entity if, as of the record date for the determination of shareholders entitled to notice thereof and to vote thereon, the other entity is the beneficial owner, directly or indirectly, of more than twenty percent (20%) of the voting shares of the corporation, considered for the purposes of this section as one class. History (1987, c. 88, s. 1; 1989, c. 265, s. 1.) Legal Periodicals. - For article, "State Anti-Takeover Legislation: The Second and Third Generations," see 23 Wake Forest L. Rev. 77 (1988).
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 55-9-02
What does North Carolina General Statutes § 55-9-02 cover?
Section 55-9-02 ("Voting requirement.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 55-9-02?
A common citation format is "North Carolina General Statutes § 55-9-02" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 55-9-02 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.