North Carolina § 58-47-105 - Dividends and other distributions.
Full text of North Carolina North Carolina General Statutes § 58-47-105 — Dividends and other distributions., with citation guidance and answers to common questions.
§ 58-47-105. Dividends and other distributions.
Group dividends and other distributions shall be made in accordance with G.S. 58-7-130, 58-8-25(b), and 58-19-30. A group shall be in compliance with this Part before payment of dividends or other distributions to its members. No group shall pay dividends or other distributions to its members until two years after the group's licensing date. Payment of dividends to the members of any group shall not be contingent upon the maintenance or continuance of membership in the group. History (1997-362, s. 3.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-47-105
What does North Carolina General Statutes § 58-47-105 cover?
Section 58-47-105 ("Dividends and other distributions.") 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 § 58-47-105?
A common citation format is "North Carolina General Statutes § 58-47-105" (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 § 58-47-105 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.