Justin Truesdale

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Recent Amendments to the North Carolina Business Corporation Act

The North Carolina General Assembly recently approved Senate Bill 507 (the “Act”), which makes a number of significant changes to the North Carolina Business Corporation Act (“NCBCA”), and the governor signed the Act into law...more

12/2/2021 / Amended Legislation , American Bar Association (ABA) , Corporate Entities , Corporate Governance , Corporations Code , State and Local Government , State Legislatures , Subsidiaries , The Model Law

North Carolina Permanently Authorizes Virtual Only Shareholders’ Meetings

As discussed in our March 17, 2020 and April 3, 2020 client alerts, the COVID-19 pandemic significantly impacted the ability of North Carolina corporations to hold in-person meetings of shareholders. Because the North...more

9/24/2021 / Amended Legislation , Business Corporation Act , Coronavirus/COVID-19 , Corporate Governance , Executive Orders , Governor Cooper , Publicly-Traded Companies , Remote Proceedings , Shareholder Meetings , Virtual Meetings

2021 Amendments to the North Carolina Business Corporation Act

The North Carolina General Assembly recently approved Senate Bill 507 (the "Act"), which makes a number of significant changes to the North Carolina Business Corporation Act ("NCBCA"), and the governor signed the Act into law...more

8/20/2021 / Amended Legislation , Board of Directors , Corporate Governance , Corporations Code , State and Local Government

Changes to the North Carolina Business Corporation Act Affecting Voting Trusts and Shareholder Agreements

The North Carolina General Assembly recently approved a number of significant changes to the North Carolina Business Corporation Act (“NCBCA”), which the governor signed into law and which took effect on October 1, 2018 (the...more

10/11/2018 / Amended Legislation , Business Corporation Act , Shareholder Votes , Shareholders , Shareholders' Agreements

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