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Code · North Carolina · Chapter 156 — Drainage

§ 156-45. Shareholders to pay assessments.

112 words·~1 min read·/nc/chapter-156/156-45

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§ 156-45. Shareholders to pay assessments.
Every corporator shall be bound to obey the lawful bylaws of the company, and pay all dues lawfully assessed on him: Provided, he shall in no case pay more than his proportion of the expenses as fixed by this Subchapter; and such dues may be collected in the corporate name in any court having jurisdiction; and every assessment duly docketed in the county where the land to be affected lies shall be a lien on the lands of the debtor which are connected with the corporation from the date of such docketing. (1868-9, c. 164, s. 9; Code, s. 1318; Rev., s. 4003; C.S., s. 5303.)
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