NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 786

SENATE BILL 301

 

 

AN ACT TO AMEND G.S. 55A-86 SO AS TO ALLOW THE MAJORITY OF A BOARD OF DIRECTORS TO TAKE CERTAIN INFORMAL ACTIONS.

 

The General Assembly of North Carolina do enact:

 

Section 1.  Subsection (a) of G.S. 55A-86 is hereby amended as follows:

(a)        By striking out the word "all" immediately following the word "or" and immediately preceding the word "of" in line six of subsection (a) and inserting in lieu thereof the following: "a majority";

(b)        By striking out the word "all" immediately following the word "or" and immediately preceding the word "of" in line seven of subsection (a) and inserting in lieu thereof the following: "a majority";

(c)        By adding the following at the end of subsection (a) : "Provided, however, this shall not apply whenever the bylaws of a corporation specifically require that such action be by a unanimous vote."

Sec. 2.  All laws and clauses of laws in conflict with the provisions of this Act are hereby repealed.

Sec. 3.  This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 11th day of June, 1963.