21 NCAC 36 .0505 GENERAL AND ADMINISTRATIVE PROVISIONS
The following general provisions shall apply to all incorporating professional corporations:
(1) If the Board declines to issue a Certificate of Registration required by 21 NCAC 36 .0504 (a)(1), or declines to renew the same when properly requested, or refuses to take any other required action, the aggrieved party may request, in writing, a review of such action by the Board, and the Board shall provide a formal hearing for such aggrieved party before a majority of the Board.
(2) All amendments to charters of professional corporations, all merger and consolidation agreements to which a professional corporation is a party, and all dissolution proceedings and similar changes in the corporate structure of a professional corporation shall be filed with the Board for approval before being filed with the Secretary of State. A true copy of the changes filed with the Secretary of State shall be filed with the Board within ten days after filing with the Secretary of State.
(3) The Board is authorized to issue the certificate (Corp. Form 4) required by G.S. 55B‑6 when stock is transferred in a professional corporation, and such certificate shall be permanently attached to the stub of the transferee's certificate in the stock book of the professional corporation.
History Note: Authority G.S. 55B‑6; 55B‑12; 90-171.23;
Eff. April 1, 1991;
Amended Eff. November 1, 2008.