North Carolina § 55-1-42 - Number of shareholders.
Full text of North Carolina North Carolina General Statutes § 55-1-42 — Number of shareholders., with citation guidance and answers to common questions.
§ 55-1-42. Number of shareholders.
For purposes of this Chapter, the following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder: All co-owners of the same shares; A corporation, partnership, trust, estate, or other entity; The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account. For purposes of this Chapter, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person. History (1989, c. 265, s. 1.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 55-1-42
What does North Carolina General Statutes § 55-1-42 cover?
Section 55-1-42 ("Number of shareholders.") 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 § 55-1-42?
A common citation format is "North Carolina General Statutes § 55-1-42" (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 § 55-1-42 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.