NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 340

HOUSE BILL 498

 

 

AN ACT TO PROVIDE FOR THE USE OF THE CORPORATE STAMP IN LIEU OF THE CORPORATE SEAL.

 

The General Assembly of North Carolina do enact:

 

Section 1.  Chapter 47 of the General Statutes is amended by adding a new section, designated as G.S. 47-41.1, to read as follows:

"§ 47-41.1.  Corporate seal. — All documents, including but not limited to deeds, deeds of trust, and mortgages, required or permitted by law to be executed by corporations, shall be legally valid and binding when a legible corporate stamp which is a facsimile of its seal is used in lieu of an imprinted or embossed corporate seal."

Sec. 2.  This act shall become effective on July 1, 1971.

Sec. 3.  This act shall not apply to pending litigation.

In the General Assembly read three times and ratified, this the 7th day of May, 1971.