North Carolina § 55A-17-05 - Validation of amendments to corporate charters extending corporate existence; limitation of actions; intent.

§ 55A-17-05. Validation of amendments to corporate charters extending corporate existence; limitation of actions; intent.

In every case where a corporation chartered under either the general or private laws of the State of North Carolina has continued or shall continue to act and conduct affairs as a corporation after the expiration of its period of existence as theretofore fixed in its charter and has thereafter filed in the office of the Secretary of State an amendment to its charter to extend or renew its corporate existence, such amendment is hereby validated and made effective for all intents and purposes to the same extent and with the same effect as if the amendment has been made within the period of such corporation's existence as theretofore fixed in its charter. No action or proceeding shall be brought or defense or counterclaim pleaded later than July 1, 1958, in which either the continued existence of the corporation or the validity of any of the contracts, acts, deeds, rights, privileges, powers, franchises, and titles of the corporation is attacked or otherwise questioned on the grounds that the amendment was not filed within the period of the corporation's existence as theretofore fixed in its charter. In no event shall the limitation provided in subsection (b) of this section bar any action, proceeding, defense, or counterclaim based upon grounds other than those mentioned in subsection (b) of this section, unless the grounds set out in subsection (b) of this section are an essential part thereof. History (1957, c. 509; 1993, c. 398, s. 1.) NORTH CAROLINA COMMENTARY This section brings forward former G.S. 55A-89.1. Tables of Comparable Sections for Chapter 55A . TABLES OF COMPARABLE SECTIONS FOR CHAPTER 55A Former to Present Editor's Note. - The following table shows G.S. sections from former Chapter 55A and their comparable, new Chapter 55A numbers. Where there is no comparable, new number, the term "None" has been inserted. Former Present Section Section 55A-1 ....................................................................... 55A-1-01 55A-2 ....................................................................... 55A-1-40 55A-3 ....................................................................... 55A-17-01 55A-4(a) .................................................................... 55A-1-20, 55A-1-25 55A-4(b) .................................................................... 55A-1-23 55A-5 ....................................................................... 55A-3-01 55A-6 ....................................................................... 55A-2-01 55A-7 ....................................................................... 55A-2-02 55A-8 ....................................................................... 55A-2-03 55A-8.1 ..................................................................... 55A-3-05 55A-9 ....................................................................... 55A-2-05 55A-10 ...................................................................... 55A-4-01, 55A-4-02, 55A-4-03, 55A-4-04 55A-11 ...................................................................... 55A-5-01 55A-12 ...................................................................... 55A-5-02, 55A-5-03 55A-13 ...................................................................... 55A-5-04 55A-14 ...................................................................... 55A-2-06, 55A-6-20, 55A-6-31, 55A-10-20, 55A-10-21 55A-15 ...................................................................... 55A-1-50, 55A-3-02 55A-16 ...................................................................... 55A-3-06 55A-17 ...................................................................... 55A-3-04 55A-17.1 .................................................................... 55A-8-51 55A-8-53, 55A-8-57 55A-17.2 .................................................................... 55A-8-51, 55A-8-52, 55A-8-54, 55A-8-55, 55A-8-56 55A-17.3 .................................................................... 55A-8-52, 55A-8-54 55A-18 ...................................................................... 55A-8-32 55A-19 ...................................................................... 55A-8-01, 55A-8-02 55A-20 ...................................................................... 55A-7-26, 55A-8-03, 55A-8-04, 55A-8-05, 55A-8-06, 55A-8-08, 55A-8-09, 55A-21 ...................................................................... 55A-8-11 55A-22 ...................................................................... 55A-8-24 55A-23 ...................................................................... 55A-8-25 55A-24 ...................................................................... 55A-8-20, 55A-8-22, 55A-8-23 55A-24.1 .................................................................... 55A-8-20, 55A-8-21 55A-24.2 .................................................................... 55A-8-12, 55A-8-31 55A-24.3 .................................................................... None 55A-25 ...................................................................... 55A-8-40, 55A-8-41 55A-26 ...................................................................... 55A-8-43, 55A-8-44 55A-26.1 .................................................................... 55A-8-30, 55A-8-42 55A-26.2 .................................................................... None 55A-27 ...................................................................... 55A-16-01, 55A-16-02, 55A-16-03 55A-27.1 .................................................................... 55A-16-01 55A-28 ...................................................................... 55A-6-21, 55A-13-01, 55A-13-02 55A-28.1 .................................................................... 55A-8-24, 55A-8-33, 55A-14-09 55A-28.1A ................................................................... 55A-8-60 55A-28.2 ................................................................... 55A-7-40 55A-29 ...................................................................... 55A-6-01, 55A-6-20, 55A-6-31 55A-30 ...................................................................... 55A-7-01, 55A-7-02 55A-31 ...................................................................... 55A-7-05 55A-32 ...................................................................... 55A-6-20, 55A-7-08, 55A-7-21, 55A-7-24, 55A-7-25 55A-33 ...................................................................... 55A-7-22, 55A-7-23 55A-33.1 .................................................................... 55A-7-04 55A-34 ...................................................................... 55A-10-01 55A-35 ...................................................................... 55A-10-02, 55A-10-03 55A-36 ...................................................................... 55A-10-05 55A-37 ...................................................................... 55A-10-07 55A-37.1 .................................................................... 55A-10-06 55A-38 ...................................................................... 55A-11-01 55A-39 ...................................................................... None 55A-40 ...................................................................... 55A-11-03 55A-41 ...................................................................... 55A-11-04 55A-42 ...................................................................... 55A-11-05 55A-42.1 .................................................................... 55A-11-06 55A-43 ...................................................................... 55A-12-01, 55A-12-02 55A-44 ...................................................................... 55A-14-01, 55A-14-02, 55A-14-07, 55A-14-08 55A-44.1 .................................................................... None 55A-45 ...................................................................... 55A-14-03 55A-46 ...................................................................... 55A-14-02 55A-47 ...................................................................... 55A-14-05 55A-48 ...................................................................... 55A-14-04 55A-49 ...................................................................... 55A-14-06 55A-50 ...................................................................... 55A-14-30 55A-51 ...................................................................... None 55A-52 ...................................................................... 55A-14-31 55A-53 ...................................................................... 55A-14-30, 55A-14-31, 55A-14-33 55A-54 ...................................................................... 55A-14-32 55A-55 ...................................................................... None 55A-56 ...................................................................... 55A-14-33 55A-57 ...................................................................... 55A-14-40 55A-57.1 .................................................................... 55A-14-01 55A-58 ...................................................................... 55A-15-01 55A-59 ...................................................................... 55A-15-05 55A-60 ...................................................................... 55A-15-06 55A-61 ...................................................................... 55A-15-03 55A-62 ...................................................................... 55A-15-03 55A-63 ...................................................................... 55A-15-05 55A-64 ...................................................................... 55A-15-07 55A-65 ...................................................................... 55A-15-08 55A-66 ...................................................................... 55A-15-10 55A-67 ...................................................................... 55A-15-10 55A-68 ...................................................................... 55A-15-10 55A-68.1 .................................................................... 55A-15-10 55A-69 ...................................................................... None 55A-70 ...................................................................... None 55A-71 ...................................................................... 55A-15-04 55A-72 ..................................................................... 55A-15-20 55A-73 ...................................................................... 55A-15-30, 55A-15-31 55A-74 ...................................................................... 55A-15-31 55A-75 ...................................................................... 55A-17-01 55A-76 ...................................................................... 55A-15-02 55A-77 ...................................................................... 55A-1-22 55A-78 ...................................................................... 55A-1-22 55A-79 ...................................................................... 55A-1-31 55A-80 ...................................................................... 55A-1-29, 55A-1-32 55A-81 ...................................................................... 55A-1-30 55A-82 ...................................................................... 55A-1-25, 55A-1-27, 55A-1-28 55A-83 ...................................................................... 55A-1-21 55A-84 ...................................................................... None 55A-85 ...................................................................... 55A-7-06, 55A-8-23 55A-86 ...................................................................... None 55A-87 ...................................................................... 55A-1-02 55A-88 ...................................................................... 55A-17-02 55A-89 ...................................................................... None 55A-89.1 ................................................................... 55A-17-05 Present to Former Editor's Note. - The following table shows G.S. sections of current Chapter 55A and their comparable, former Chapter 55A sections numbers. Where there is no comparable, former Chapter 55A number, the term "None" has been inserted. Present Former Section Section 55A-1-01 .................................................................... 55A-1 55A-1-02 .................................................................... 55A-87 55A-1-20 .................................................................... 55A-4(a) 55A-1-21 .................................................................... 55A-83 55A-1-22 .................................................................... 55A-77, 55A-78 55A-1-23 .................................................................... 55A-4(b) 55A-1-24 .................................................................... None 55A-1-25 .................................................................... 55A-4(a)(5), 55A-82 55A-1-26 .................................................................... None 55A-1-27 .................................................................... 55A-82 55A-1-28(a), (b) ............................................................ None 55A-1-28(c) ................................................................. 55A-82 55A-1-29 .................................................................... 55A-80(b) 55A-1-30 .................................................................... 55A-81 55A-1-31 .................................................................... 55A-79 55A-1-32 .................................................................... 55A-80 55A-1-33 .................................................................... None 55A-1-40 .................................................................... 55A-2 55A-1-41 .................................................................... None 55A-1-50 .................................................................... 55A-15(c) 55A-1-60 .................................................................... None 55A-2-01 .................................................................... 55A-6 55A-2-02 .................................................................... 55A-7 55A-2-03 .................................................................... 55A-8 55A-2-04 .................................................................... None 55A-2-05 .................................................................... 55A-9 55A-2-06 .................................................................... 55A-14 55A-2-07 .................................................................... None 55A-3-01 .................................................................... 55A-5 55A-3-02 .................................................................... 55A-15 55A-3-03 .................................................................... None 55A-3-04 .................................................................... 55A-17 55A-3-05 .................................................................... 55A-8.1 55A-3-06 .................................................................... 55A-16 55A-4-01 .................................................................... 55A-10 55A-4-02 .................................................................... 55A-10 55A-4-03 .................................................................... 55A-10 55A-4-04 .................................................................... 55A-10 55A-4-05 .................................................................... None 55A-5-01 .................................................................... 55A-11 55A-5-02 .................................................................... 55A-12 55A-5-03 .................................................................... 55A-12 55A-5-04 .................................................................... 55A-13 55A-6-01 .................................................................... 55A-29(a) 55A-6-20 .................................................................... 55A-14, 55A-29(a), 55A-32 55A-6-21 .................................................................... 55A-28(a) 55A-6-22 .................................................................... None 55A-6-23 .................................................................... None 55A-6-24 .................................................................... None 55A-6-30 .................................................................... None 55A-6-31 .................................................................... 55A-14, 55A-29(b) 55A-6-40 .................................................................... None 55A-7-01 .................................................................... 55A-30(a), (b) 55A-7-02 .................................................................... 55A-30(c) 55A-7-03 .................................................................... None 55A-7-04 .................................................................... 55A-33.1 55A-7-05 .................................................................... 55A-31 55A-7-06 .................................................................... 55A-85 55A-7-07 .................................................................... None 55A-7-08 .................................................................... 55A-32(b) 55A-7-20 .................................................................... None 55A-7-21 .................................................................... 55A-32 55A-7-22 .................................................................... 55A-33 55A-7-23 .................................................................... 55A-33 55A-7-24 ................................................................... 55A-32(b) 55A-7-25 .................................................................... 55A-32(c) 55A-7-26 ................................................................... 55A-20(c) 55A-7-27 .................................................................... None 55A-7-30 .................................................................... None 55A-7-40 .................................................................... 55A-28.2 55A-8-01 .................................................................... 55A-19 55A-8-02 .................................................................... 55A-19(c) 55A-8-03 .................................................................... 55A-20(a), (b) 55A-8-04 .................................................................... 55A-20(c), (e) 55A-8-05 .................................................................... 55A-20(c) 55A-8-06 .................................................................... 55A-20(d) 55A-8-07 .................................................................... None 55A-8-08 .................................................................... 55A-20(f) 55A-8-09 .................................................................... 55A-20(f) 55A-8-10 .................................................................... None 55A-8-11 .................................................................... 55A-21 55A-8-12 .................................................................... 55A-24.2(a) 55A-8-20 .................................................................... 55A-24(a), 55A-24.1(c) 55A-8-21 .................................................................... 55A-24.1(a) 55A-8-22 .................................................................... 55A-24(a), (c) 55A-8-23 .................................................................... 55A-24(c), 55A-85 55A-8-24 ................................................................... 55A-22, 55A-28.1(f) 55A-8-25 .................................................................... 55A-23 55A-8-30 .................................................................... 55A-26.1 55A-8-31 .................................................................... 55A-24.2(b) 55A-8-32 .................................................................... 55A-18 55A-8-33 .................................................................... 55A-28.1 55A-8-40 .................................................................... 55A-25 55A-8-41 .................................................................... 55A-25(b) 55A-8-42 .................................................................... 55A-26.1 55A-8-43(b) ................................................................. 55A-26 55A-8-44 .................................................................... 55A-26 55A-8-50 .................................................................... None 55A-8-51 .................................................................... 55A-17.1, 55A-17.2 55A-8-52 .................................................................... 55A-17.2, 55A-17.3 55A-8-53 .................................................................... 55A-17.1 55A-8-54 .................................................................... 55A-17.2, 55A-17.3 55A-8-55 .................................................................... 55A-17.2 55A-8-56 .................................................................... 55A-17.2 55A-8-57 .................................................................... 55A-17.1 55A-8-58 .................................................................... None 55A-8-60 .................................................................... 55A-28.1A 55A-10-01 ................................................................... 55A-34 55A-10-02 ................................................................... 55A-35 55A-10-03 ................................................................... 55A-35 55A-10-04 ................................................................... None 55A-10-05 ................................................................... 55A-36 55A-10-06 ................................................................... 55A-37.1 55A-10-07 ................................................................... 55A-37 55A-10-20 ................................................................... 55A-14 55A-10-21 ................................................................... 55A-14 55A-10-22 ................................................................... None 55A-10-30 ................................................................... None 55A-11-01 ................................................................... 55A-38 55A-11-02 ................................................................... None 55A-11-03 ................................................................... 55A-40 55A-11-04 ................................................................... 55A-41 55A-11-05 ................................................................... 55A-42 55A-11-06 ................................................................... 55A-42.1 55A-11-07 ................................................................... None 55A-12-01 ................................................................... 55A-43 55A-12-02 ................................................................... 55A-43 55A-13-01 ................................................................... 55A-28(b) 55A-13-02 ................................................................... 55A-28(c), (d), (e) 55A-14-01 ................................................................... 55A-44, 55A-57.1 55A-14-02 ................................................................... 55A-44, 55A-46 55A-14-03 ................................................................... 55A-45 55A-14-04 ................................................................... 55A-48 55A-14-05 ................................................................... 55A-47 55A-14-06 ................................................................... 55A-49 55A-14-07 ................................................................... 55A-44(b) 55A-14-08 ................................................................... 55A-44(b) 55A-14-09 ................................................................... 55A-28.1(h) 55A-14-20 ................................................................... None 55A-14-21 ................................................................... None 55A-14-22 ................................................................... None 55A-14-23 ................................................................... None 55A-14-24 ................................................................... None 55A-14-30 ................................................................... 55A-50, 55A-53 55A-14-31 ................................................................... 55A-52, 55A-53 55A-14-32 ................................................................... 55A-54 55A-14-33 ................................................................... 55A-53, 55A-56 55A-14-40 ................................................................... 55A-57 55A-14A-01 .................................................................. None 55A-15-01 ................................................................... 55A-58 55A-15-02 ................................................................... 55A-76 55A-15-03 ................................................................... 55A-61, 55A-62 55A-15-04 ................................................................... 55A-71 55A-15-05 ................................................................... 55A-59, 55A-63 55A-15-06 .................................................................. 55A-60 55A-15-07 ................................................................... 55A-64 55A-15-08 ................................................................... 55A-65 55A-15-09 ................................................................... None 55A-15-10 ................................................................... 55A-66, 55A-67, 55A-68, 55A-68.1 55A-15-20 ................................................................... 55A-72 55A-15-21 ................................................................... None 55A-15-30 ................................................................... 55A-73 55A-15-31 ................................................................... 55A-73, 55A-74 55A-15-32 ................................................................... None 55A-16-01 ................................................................... 55A-27, 55A-27.1 55A-16-02 ................................................................... 55A-27 55A-16-03 ................................................................... 55A-27 55A-16-04 ................................................................... None 55A-16-05 ................................................................... None 55A-16-20 ................................................................... None 55A-16-21 ................................................................... None 55A-16-22 ................................................................... None 55A-17-01 ................................................................... 55A-3 55A-17-02 ................................................................... 55A-88 55A-17-03 ................................................................... None 55A-17-04 ................................................................... None 55A-17-05 ................................................................... 55A-89.1