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Corporate — Shareholder Status – Lack of Certificate – Estoppel – Trusts & Estates – Statute of Limitations (access required)

Plaintiff claims a 10-percent ownership in the defendant-corporation, but he never received a stock certificate. The corporation’s articles of incorporation require only that shares bear a restricted legend, and North Carolina law allows a corporation to meet that requirement in either of two ways: (1) through use of a share certificate or (2) through use ...

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