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Form a Business

Establishment of nonprofit corporation by public authority authorized.

G.S. 159-42.1
in effect
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§ 159-42.1.  Establishment of nonprofit corporation by public authority authorized. 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.)
Source: North Carolina General Assembly (ncleg.gov)URL: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_159/GS_159-42.1.htmlFetched: 10/19/2026

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