N.C. Gen. Stat. » Chapter 117
NC General Statutes

N.C. Gen. Stat. § 117-17 (2026)

General grant of powers

✓ current as of July 2026
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Each corporation formed under this Article is hereby vested with all power necessary or requisite for the accomplishment of its corporate purpose and capable of being delegated by the legislature; and no enumeration of particular powers hereby granted shall be construed to impair any general grant of power herein contained, nor to limit any such grant to a power or powers of the same class as those so enumerated. (1935, c. 291, s. 12.)

 

Notes of Decisions
Cited in 5 cases, 1961–2012 · leading case: Hammonds v. Lumbee River Elec. M'ship Corp., 631 S.E.2d 1 (N.C. Ct. App. 2006).
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Hammonds v. Lumbee River Elec. M'ship Corp., 631 S.E.2d 1 (N.C. Ct. App. 2006). · cites it 3× “Under N.C. Gen.Stat. § 117-17, each North Carolina Cooperative is "vested with all power necessary or requisite for the accomplishment of its corporate purpose and capable of being delegated by the legislature.”
Hammonds v. Lumbee River Elec. Membership Corp., 178 N.C. App. 1 (N.C. Ct. App. 2006). · cites it 3× “Under N.C. Gen. Stat. § 117-17 , each North Carolina Cooperative is “vested with all power necessary or requisite for the accomplishment of its corporate puipose and capable of being delegated by the legislature.”
Duke Power Co. v. Blue Ridge Elec. Membership Corp., 117 S.E.2d 812 (N.C. 1961). · cites it 3× “G.S. § 117-17. In addition to the general power so delegated, these corporations were given by G.”
Lockerman v. South River Elec. Membership Corp., 2012 NCBC 44 (N.C. Bus. Ct. 2012). · cites it 2× “” N.C. Gen. Stat. § 117-17 . {15} SREMC each year determines the excess of revenue over the cost of doing business, which is referred to as “margin.”
Time Warner Ent.-Advance/Newhouse P'ship v. Carteret-Craven Elec. Membership Corp., 451 F. Supp. 2d 736 (E.D.N.C. 2006). · cites it 6× “” N.C. Gen.Stat. § 117-17 (emphasis added).”
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