North Carolina § 55A-6-24 - Creditor's action against member.
Full text of North Carolina North Carolina General Statutes § 55A-6-24 — Creditor's action against member., with citation guidance and answers to common questions.
§ 55A-6-24. Creditor's action against member.
A creditor of a corporation shall not bring a proceeding to enforce any liability of a member to the corporation unless final judgment has been rendered in favor of the creditor against the corporation and execution has been returned unsatisfied in whole or in part or unless a proceeding against the corporation would be futile. All creditors of the corporation, with or without reducing their claims to judgment, may intervene in any creditor's proceeding brought under subsection (a) of this section to collect and apply the proceeds of obligations owed to the corporation. Any or all members who are indebted to the corporation may be joined in such proceeding. History (1993, c. 398, s. 1.) NORTH CAROLINA COMMENTARY This section is intended to protect members and not to create any new cause of action in favor of creditors. Editor's Note. - The number of this section was assigned by the Revisor of Statutes, the number in Session Laws 1993, c. 398, s. 1 having been 55A-6-14.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 55A-6-24
What does North Carolina General Statutes § 55A-6-24 cover?
Section 55A-6-24 ("Creditor's action against member.") 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 § 55A-6-24?
A common citation format is "North Carolina General Statutes § 55A-6-24" (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 § 55A-6-24 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.