NORTH CAROLINA GENERAL ASSEMBLY

1967 SESSION

 

 

CHAPTER 1163

SENATE BILL 646

 

 

AN ACT TO AMEND G.S. 55-52(c)(6) RELATING TO THE PURCHASE BY A CORPORATION OF ITS OWN STOCK.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 55-52(c)(6), as the same appears in the 1965 Replacement Volume 2B of the General Statutes, is hereby amended by striking out the period at the end of subparagraph (6) and inserting the following:

"or of a corporation which is subject to and regulated by the Securities Act of 1933 as amended."

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 6th day of July, 1967.