Article VIII - Corporations

N.C. Const. (1971)

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Section 1

No corporation shall be created, nor shall its charter be
extended, altered, or amended by special act, except corporations for
charitable, educational, penal, or reformatory purposes that are to be and
remain under the patronage and control of the State; but the General Assembly
shall provide by general laws for the chartering, organization, and powers of
all corporations, and for the amending, extending, and forfeiture of all
charters, except those above permitted by special act. All such general acts
may be altered from time to time or repealed. The General Assembly may at any
time by special act repeal the charter of any corporation.

Section 2

The term "corporation" as used in this Section
shall be construed to include all associations and joint-stock companies having
any of the powers and privileges of corporations not possessed by individuals
or partnerships. All corporations shall have the right to sue and shall be subject
to be sued in all courts, in like cases as natural persons.