Bill > H388

This bill amends the North Carolina Business Corporations Act and several related statutes to make various technical and substantive changes across multiple areas of law. The bill introduces provisions for electronic storage of attorney-held wills, clarifies emergency corporate governance procedures, updates forum selection and derivative proceeding rules for corporations, prohibits bearer form share certificates, modifies elective share statutes, updates trust administration contest procedures, and revises year's allowance statutes. Key changes include allowing attorneys to create electronic records of wills, expanding corporate emergency powers during catastrophic events, establishing new rules for internal corporate claim forum selection, clarifying derivative lawsuit procedures, prohibiting bearer share certificates, updating rules for spousal and child allowances after a decedent's death, and extending certain emergency video-related provisions. The bill makes these changes through a series of technical amendments to existing statutes, with different parts of the bill becoming effective at different times between October 2025 and January 2026, depending on the specific provision.

Government Affairs, Justice

https://www.ncleg.gov/BillLookUp/2025/H388