NORTH CAROLINA GENERAL ASSEMBLY

1973 SESSION

 

 

CHAPTER 885

HOUSE BILL 528

 

 

AN ACT TO REVISE THE STATUTES RELATING TO VENUE OF CORPORATIONS.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 1-79 is rewritten to read as follows:

"§ 1-79.  Domestic Corporations. — For the purpose of suing and being sued, the residence of a domestic corporation is as follows:

(1)        Where the registered office of the corporation is located, or where the corporation maintains a principal place of business or is regularly engaged in carrying on business.

(2)        If the corporation having been formed prior to July 1, 1957, does not have a registered office in this State, but does have a principal office in this State, its residence is in the county where such principal office is said to be located by its certificate of incorporation, or amendment thereto, or legislative charter."

Sec. 2.  This act shall become effective upon its ratification.

In the General Assembly read three times and ratified, this the 25th day of February, 1974.