North Carolina § 58-7-45 - Bylaws; classification and election of directors; amendments.
Full text of North Carolina North Carolina General Statutes § 58-7-45 — Bylaws; classification and election of directors; amendments., with citation guidance and answers to common questions.
§ 58-7-45. Bylaws; classification and election of directors; amendments.
A domestic company may adopt bylaws for the conduct of its business that are not repugnant to law or its articles of incorporation and therein provide for the division of its board of directors into two, three, or four classes, and the election thereof at its annual meetings so that the members of one class only shall retire and their successors be chosen each year. Vacancies in any such class may be filled by election by the board for the unexpired term. Any change in the bylaws of a domestic company shall be promptly filed with the Commissioner. History (1899, c. 54, s. 22; Rev., s. 4724; C.S., s. 6330; 1993, c. 504, s. 5.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-7-45
What does North Carolina General Statutes § 58-7-45 cover?
Section 58-7-45 ("Bylaws; classification and election of directors; amendments.") 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 § 58-7-45?
A common citation format is "North Carolina General Statutes § 58-7-45" (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 § 58-7-45 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.