---
type: "Bill"
title: "Revise Business Corporation Act."
description: "Revise Business Corporation Act."
jurisdiction: "us/states/nc"
legislature: "North Carolina General Assembly"
session: "2005"
identifier: "SB 324"
citation: "North Carolina SB 324 (2005)"
classification: ["bill"]
subjects: ["COMMERCE", "CORPORATIONS", "FOR-PROFIT", "CORPORATIONS", "NON-PROFIT", "INCORPORATION", "INVESTMENTS", "PRESENTED", "PUBLIC", "RATIFIED", "SECRETARY OF STATE", "SECURITIES", "SEN. CLODFELTER", "CHAPTERED"]
status: "enacted"
primary_sponsors: []
version_count: 5
action_count: 15
vote_count: 2
first_action: "2005-03-02"
last_action: "2005-08-12"
source: "openstates"
source_identifier: "ocd-bill/0caea9c0-7e80-4817-94cc-ee3ca0f585a0"
source_url: "http://www.ncleg.net/gascripts/BillLookUp/BillLookUp.pl?Session=2005&BillID=S324&votesToView=all"
source_hash: "30dc366c10413b2f5bd8938f05302b366d783b079474f796cacf04957ff5e9fd"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nc"]
---

# North Carolina SB 324 (2005) — Revise Business Corporation Act.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Filed** (filed) — [source](http://www.ncleg.net/Sessions/2005/Bills/Senate/PDF/S324v0.pdf)
2. **Edition 1** (committee substitute) — [source](http://www.ncleg.net/Sessions/2005/Bills/Senate/PDF/S324v1.pdf)
3. **Edition 2** (committee substitute) — [source](http://www.ncleg.net/Sessions/2005/Bills/Senate/PDF/S324v2.pdf)
4. **Ratified** (committee substitute) — [source](http://www.ncleg.net/Sessions/2005/Bills/Senate/PDF/S324v3.pdf)
5. **SL2005-268** (committee substitute) — [source](http://www.ncleg.net/Sessions/2005/Bills/Senate/PDF/S324v4.pdf)

## Votes

- Second Reading — **108–0** (pass) · lower
- Second Reading — **49–0** (pass) · upper

## Sponsors

- Clodfelter — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2005-08-12** Ch. SL 2005-268 `became-law`
- **2005-08-12** Signed By Gov. 8/12/2005 `executive-signature`
- **2005-08-02** Pres. To Gov. 8/2/2005 `executive-receipt`
- **2005-08-01** Ratified
- **2005-07-28** Passed 2nd & 3rd Reading `passage, reading-2, reading-3`
- **2005-07-27** Placed On Cal For 7/28/2005
- **2005-07-21** Cal Pursuant Rule 36(b)
- **2005-07-21** Reptd Fav `committee-passage-favorable`
- **2005-04-19** Ref To Com On Judiciary I `referral-committee`
- **2005-04-19** Rec From Senate
- **2005-04-14** Passed 2nd & 3rd Reading `passage, reading-2, reading-3`
- **2005-04-13** Com Substitute Adopted
- **2005-04-13** Reptd Fav Com Substitute `committee-passage-favorable`
- **2005-03-03** Ref To Com On Judiciary I `referral-committee`
- **2005-03-02** Filed `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0caea9c0-7e80-4817-94cc-ee3ca0f585a0`. Confidence: reported (aggregated from official North Carolina legislature records).