NC S706

Allows nonprofit corporations tax-exempt under 26 U.S.C. § 501(c)(5) or (6) and operating as professional trade associations or business leagues to provide legal services to their members through duly licensed North Carolina attorneys.

Requires that the nonprofit's governing structure prevents non-attorneys from controlling the manner or course of legal services rendered.

Mandates that the nonprofit continually satisfy Internal Revenue Service criteria for tax-exempt status regardless of whether revocation action has been taken.

Permits the nonprofit corporation to charge members for legal services, collect those charges, and compensate the attorneys and agents providing the services.

Effective upon becoming law.