NC S477

Facilitates email and electronic communications with shareholders by permitting notice delivery via email if shareholder consents and defining email-related terms, effective October 1, 2023.

Allows corporations incorporated after October 1, 2023 to use written shareholder consent for actions without a meeting unless prohibited by articles of incorporation, with 60-day deadline for collecting sufficient consents.

Permits board of directors to delete unused share classes from articles of incorporation without shareholder approval if all authorized shares were acquired and articles prohibit reissuance, effective October 1, 2023.

Eliminates duplicative state disclosure requirements for business opportunity sellers by allowing them to file Federal Trade Commission franchise disclosure documents instead of North Carolina-specific disclosures.

Standardizes evidence required to prove debts by requiring properly authenticated business records including account numbers, original creditors, itemized charges, and payment history, with separate requirements for credit card debt, effective January 1, 2024.