By Heyward Armstrong, Dave Clement, and Justin Truesdale The North Carolina General Assembly recently approved Senate Bill 507 (the “Act”),[i] which makes a number of significant changes to the North Carolina Business Corporation Act (“NCBCA”), and the governor signed the Act into law on August 16, 2021.[ii] Certain provisions of the Act were effective immediately, and […]
By Andrew Steffensen Overview The Corporate Transparency Act (CTA) was enacted into law on January 1, 2021, as part of the 2021 National Defense Authorization Act. The stated objectives of the CTA include the collection of certain beneficial ownership interest information from corporations, limited liability companies and similar entities “to (A) set a clear, Federal […]
By John W. Babcock In Skye Mineral Investors, LLC and Clarity Copper, LLC v. DXS Capital (U.S.) Limited et al., C.A. No. 2018-0059-JRS (Del. Ch. Feb. 24, 2020), the Delaware Court of Chancery rejected a motion to dismiss breach of fiduciary duty claims brought against two minority members of Sky Mineral Partners, LLC (“SMP”), a […]
By Ben Baldwin, NCBA Business Law Section Chair Hello, fellow Business Law Section members. I want to pass along three things (two of which are related). First: An enthusiastic word of gratitude to Ritchie Taylor, who planned and organized (and was also a presenter for) this year’s Business Law Section annual CLE program, which was […]
By Ketan Soni What You Need to Know About the New Community Platform This year, the NCBA has switched to a new online community platform. This new community platform for Sections, Divisions and Councils offers many more features than the previous system. Below is a summary of the basics and what you need to know […]
By Ben Baldwin, Chair of the NCBA Business Law Section Hello, fellow Business Law Section members. I want to put out a loud and emphatic call for volunteers for two important undertakings of our section. First, as I had mentioned in my Blog post in July, we are in the process of planning the CLE […]
By Ritchie Taylor, CLE Chair of the NCBA Business Law Section Don’t miss the early bird discounted registration fee of $255 for the 2020 Basics of Business Law CLE to be held on Friday, October 2, 2020, from 8 a.m. to 4:20 p.m. This year’s program will be held via live webcast, giving participants the […]
By Andrew Steffensen, Business Law Section Communications Chair Dear Members of the Business Law Section: As many of you are aware, the Business Law Section maintains a blog that allows members of the Section, as well as other contributors, to post articles that might be relevant to the members of the Business Law Section. As […]
By Ben Baldwin Hello, fellow members of the Business Law Section, and welcome to the 2020-2021 bar year. Please permit me to begin the way I find myself beginning pretty much all written correspondence these days—with an expression of hope that you all are healthy and are navigating things safely and as cheerfully as possible! […]
By Peter Mattocks Many nonprofits in North Carolina are on the front lines of the COVID-19 crisis struggling to meet increased demands for their services and may not be focused on logistical problems related to having member meetings. The North Carolina Nonprofit Corporation Act (the “Act,” as set forth in Chapter 55A of the North […]