Laws of North Carolina (Last Updated: May 12, 2015)

§58-24-55. Institutions

Latest version.

A society may create, maintain and operate, or may establish organizations to operate, not for profit institutions to further the purposes permitted by G.S. 58-24-20(a)(2). Such institutions may furnish services free or at a reasonable charge. Any real or personal property owned, held or leased by the society for this purpose shall be reported in every annual statement.

(1987, c. 483, s. 2.)

                    
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