N.C. Gen. Stat. § 55-8-11

Current through Session Law 2024-3
Section 55-8-11 - Compensation of directors

Unless the articles of incorporation or bylaws provide otherwise, the board of directors, without regard to personal interest, may fix the compensation of directors for services in any capacity as a director. The compensation established pursuant to this section of directors of a public corporation or of a corporation that so provides in its articles of incorporation is presumed to be fair to the corporation unless proven not to be fair to the corporation by a preponderance of the evidence.

N.C. Gen. Stat. § 55-8-11

Amended by 2021 N.C. Sess. Laws 106,s. 2-a, eff. 10/1/2021.
Amended by 2018 N.C. Sess. Laws 45,s. 7, eff. 10/1/2018.
1955, c. 1371, s. 1; 1989, c. 265, s. 1.