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North Carolina Corporate Bylaws Template

North Carolina corporate bylaws are created by the board of directors or incorporators to manage its business and internal affairs. The bylaws address the rights and responsibilities of corporate officers, the criteria for selecting new members, where and when meetings are held, and the voting rights of shareholders.
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Updated June 10, 2024

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Laws

  • Annual Meetings – A corporation must hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws.[2]
  • Corporate Bylaws – The incorporators or board of directors of a corporation must adopt initial bylaws for the corporation. Any business-related provisions may be included as long as they are in accordance with the articles of incorporation and state law.[3]
  • Issuance of Stock – The board of directors may authorize shares to be issued for consideration consisting of any tangible or intangible property or benefit to the corporation.[4]

Emergency Bylaws

The board of directors may institute bylaws to be effective in emergency circumstances only, such as a natural disaster or war. These bylaws, which are subject to the shareholders’ approval, will run in conjunction with the regular corporate bylaws and shall become void after the emergency ends.[5]

Sources

  1. § 55-2-06(a)
  2. § 55-7-01
  3. § 55-2-06
  4. § 55-6-21
  5. § 55-2-07