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NC H388
Bill
Status
7/1/2025
Primary Sponsor
Sarah Stevens
Click for details
AI Summary
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Allows corporations to limit or eliminate personal liability of officers (not just directors) for monetary damages in articles of incorporation, with exceptions for acts conflicting with corporate interests, improper personal benefits, or claims brought by the corporation itself (effective October 1, 2025)
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Authorizes NC-licensed attorneys to store attested written wills as electronic records at testator's direction, with certified paper copies eligible for probate; loss or destruction of the original after electronic storage does not constitute revocation (effective January 1, 2026)
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Extends emergency video notarization sunset date from July 1, 2025 to the earlier of July 1, 2026 or when the Secretary of State issues the first remote notarization license
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Updates elective share and year's allowance statutes, including clarifying trust valuation requirements for surviving spouses, modifying petition procedures, and establishing that spouse's $60,000 allowance takes priority over children's $10,000 allowances (effective January 1, 2026)
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Prohibits corporations from issuing share certificates or scrip in bearer form, and allows articles of incorporation or bylaws to designate exclusive forums for internal corporate claims while prohibiting mandatory arbitration of such claims (effective October 1, 2025)
Legislative Description
Amend Business Corporations Act
Public
Last Action
Ch. SL 2025-33
7/1/2025