Bill Summary for H 696 (2021)

Summary date: 

Jun 16 2021

Bill Information:

View NCGA Bill Details2021
House Bill 696 (Public) Filed Tuesday, April 27, 2021
AN ACT TO MAKE VARIOUS CHANGES TO THE NORTH CAROLINA NONPROFIT CORPORATIONS ACT.
Intro. by Lofton, Howard, Reives, Moffitt.

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Bill summary

House committee substitute to the 1st edition makes the following changes.

Part I.

Eliminates the proposed changes to subsection (g) of GS 55A-12-02, which excluded dispositions to a charitable or religious corporation authorized under a plan of dissolution from the requirement to give written notice to the Attorney General before it sells, leases, exchanges, or otherwise disposes of its property if the transaction is not in the usual and regular course of its activities. Makes conforming changes to the heading given to Part I. of the act.

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