NORTH CAROLINA GENERAL ASSEMBLY
1963 SESSION

CHAPTER 1233
HOUSE BILL 1317

AN ACT TO AMEND G.S. 55-72 RELATING TO CORPORATIONS.

The General Assembly of North Carolina do enact:

Section 1.  G.S. 55-72 is amended by adding at the end thereof a new paragraph designated (d) to read as follows:
"(d)	A voting trust created under the provisions of this Section may be extended or otherwise amended at any time during its term by an agreement of amendment signed by the Trustee and by all the Trust Certificate Holders, except that the period covered by the voting trust agreement may not be extended by the agreement of amendment to a date which is more than ten (10) years after the effective date of the amendment. An executed copy of the agreement of amendment shall be deposited by the Trustee with the corporation at its registered office and the agreement of amendment shall become effective at the time an executed copy thereof is so deposited."
Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.
Sec. 3.  This Act shall become effective upon its ratification.
In the General Assembly read three times and ratified, this the 26th day of June, 1963.