North Carolina § 54-110 - 4. Organization.
Full text of North Carolina North Carolina General Statutes § 54-110 — 4. Organization., with citation guidance and answers to common questions.
§ 54-110. 4. Organization.
Application to form a corporate credit union shall be made in writing to the Administrator of Credit Unions. The application shall contain the names of at least 15 credit unions which have agreed to subscribe to shares in the corporate credit union at the time the application is made. The application shall be accompanied by articles of incorporation, bylaws, and articles of association or other appropriate documents. The bylaws shall provide for the selection of a board of directors of a least five members and shall require credit unions applying for membership to subscribe to shares in a minimum amount as specified in the bylaws. History (1983, c. 470.)
Frequently Asked Questions About North Carolina § 54-110
What does North Carolina General Statutes § 54-110 cover?
Section 54-110 ("4. Organization.") 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 § 54-110?
A common citation format is "North Carolina General Statutes § 54-110" (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 § 54-110 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.