PUBLISHED

N.C.G.S. § 159-42.1

Establishment of nonprofit corporation by public authority authorized.

Effective date: 2026-08-09
Last verified: 2026-08-09
Source: official source
Revision history: view all versions

A public authority may establish, control, and operate a nonprofit corporation that is created under Chapter 55A of the General Statutes and is a tax-exempt organization under the Internal Revenue Code to further the authorized purposes of the public authority. A nonprofit corporation established as provided in this section shall not have regulatory or enforcement powers and shall not engage in partisan political activity. (2015-122, s. 1.)