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A public reference institution of the State of North Carolina's law

North Carolina Law

N.C.G.S. § 59B-5 — revision history

Text is never overwritten. Each amendment lands as a new version row with its own effective range.

  1. Version 1 — 2026-08-08 to present

    Scraped from ncleg.gov; The General Statutes include changes through S.L. 2026-7.

    (a) A nonprofit association is a legal entity separate from its members for the purposes of acquiring, holding, encumbering, and transferring real and personal property. (b) A nonprofit association, in its name, may acquire, hold, encumber, or transfer an estate or interest in real or personal property. (c) A nonprofit association may be a beneficiary of a trust or contract or a devisee. (d) Any judgments and executions against a nonprofit association bind its real and personal property in like manner as if it were incorporated. (2006-226, s. 1; 2011-284, s. 59.)