North Carolina § 58-10-355 - Organizational audit.
Full text of North Carolina North Carolina General Statutes § 58-10-355 — Organizational audit., with citation guidance and answers to common questions.
§ 58-10-355. Organizational audit.
In addition to the processing of the application, an organizational audit may be performed before an applicant business entity is licensed. Such investigation or audit shall consist of a general review of the applicant business entity's corporate records, including charters, bylaws, and minute books; verification of capital and surplus; verification of principal place of business; determination of assets and liabilities; and a review of such other factors as the Commissioner deems necessary. History (2013-116, s. 1; 2015-99, s. 1; 2016-78, s. 4.1(e); 2018-120, s. 5.1(b).) Effect of Amendments. - Session Laws 2015-99, s. 1, effective June 19, 2015, substituted "applicant business entity" for "applicant" in the first sentence and substituted "applicant business entity's" for "applicant's" in the second sentence. Session Laws 2016-78, s. 4.1(e), effective June 30, 2016, substituted "audit" for "examination" twice. Session Laws 2018-120, s. 5.1(b), effective June 28, 2018, deleted "investigation or" following "an organizational" in the first sentence and substituted "review" for "survey" in the second sentence.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-10-355
What does North Carolina General Statutes § 58-10-355 cover?
Section 58-10-355 ("Organizational audit.") 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 § 58-10-355?
A common citation format is "North Carolina General Statutes § 58-10-355" (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 § 58-10-355 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.