NC S40

Authorizes North Carolina delegates to participate in an Article V convention of states for the limited purpose of proposing a "countermand amendment" allowing states to nullify federal statutes, executive orders, judicial decisions, and regulatory actions by a three-fifths vote of state legislatures.

Establishes a six-member Delegate Credential Committee (three House members, three Senate members) to appoint delegates, issue credentials, administer oaths, and monitor delegation activities, with quarterly reporting to the General Assembly.

Requires delegates to take an oath pledging to follow all instructions in the resolution and prohibits them from voting for any alternative or modified version of the countermand amendment specified in the resolution.

Designates a chair and assistant chair of North Carolina's delegation with extensive duties including building consensus among at least 26 state delegations, influencing convention rules and procedures, and nominating or supporting like-minded candidates for convention president.

Provides the specific text of "Amendment XXVIII" authorizing state legislatures to countermand federal actions with a 60-percent supermajority vote, with an 18-month implementation period and criminal penalties for obstruction.