North Carolina Nonprofit Corporation Definition
North Carolina Nonprofit Corporation
DEFINITION
A North Carolina Nonprofit Corporation is controlled by its members and managed by a board of directors elected and acting under authority of the Articles of Incorporation and Bylaws of the Nonprofit Corporation. Members of a Nonprofit Corporation are not, as such, personally liable for the acts, debts, liabilities, or obligations of the corporation. Members of a Nonprofit Corporation are not, as such, personally liable for the acts, debts, liabilities, or obligations of the corporation.
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