N.C. Gen. Stat. § 58-73-20

Current through Session Law 2024-53

Section 58-73-20 - Company not to plead ultra vires

Any company which executes any bond, obligation or undertaking under the provisions of this Article is estopped, in any proceeding to enforce the liability which it assumes to incur, to deny its corporate power to execute such instrument or assume such liability.

N.C. Gen. Stat. § 58-73-20

1899, c. 54, s. 49; 1901, c. 706, s. 1,subsec. 5; Rev., s. 275; C.S., s. 342.