North Carolina § 55A-7-30 - Voting agreements.
Full text of North Carolina North Carolina General Statutes § 55A-7-30 — Voting agreements., with citation guidance and answers to common questions.
§ 55A-7-30. Voting agreements.
Two or more members may provide for the manner in which their voting rights will be exercised by signing an agreement for that purpose. The agreement may be valid for a period of up to 10 years. All or some of the parties to the agreement may extend it for more than 10 years from the date the first party signs the extension agreement, but the extension agreement binds only those parties signing it. For charitable or religious corporations, such agreements shall have a reasonable purpose not inconsistent with the corporation's charitable or religious purposes. Subject to subsection (a) of this section, a voting agreement created under this section may be specifically enforceable. The provisions of a voting agreement created under this section will bind a transferee of a membership covered by the agreement only if the transferee acquires the membership with knowledge of the provisions. History (1993, c. 398, s. 1.) NORTH CAROLINA COMMENTARY This section had no counterpart in the prior law.
Frequently Asked Questions About North Carolina § 55A-7-30
What does North Carolina General Statutes § 55A-7-30 cover?
Section 55A-7-30 ("Voting agreements.") 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-7-30?
A common citation format is "North Carolina General Statutes § 55A-7-30" (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-7-30 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.