---
type: "Bill"
title: "Modify Business Corporation Act."
description: "Modify Business Corporation Act."
jurisdiction: "us/states/nc"
legislature: "North Carolina General Assembly"
session: "2021"
identifier: "SB 507"
citation: "North Carolina SB 507 (2021)"
classification: ["bill"]
subjects: ["CHAPTERED", "COMMERCE", "CORPORATIONS", "FOR-PROFIT", "INCORPORATION", "PRESENTED", "PUBLIC", "RATIFIED", "RECORDS", "SECRETARY OF STATE"]
status: "enacted"
primary_sponsors: []
version_count: 4
action_count: 24
vote_count: 2
first_action: "2021-04-05"
last_action: "2021-08-16"
source: "openstates"
source_identifier: "ocd-bill/45cda03b-dbac-4e97-a099-839c94cef648"
source_url: "https://www.ncleg.gov/BillLookUp/2021/S507"
source_hash: "c15a72650060357543035bc290702f42dd6cc27d763e7efebf5160a7c04950fb"
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 507 (2021) — Modify Business Corporation Act.

## Version chain

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

1. **Filed** (filed) — [source](https://www.ncleg.gov/Sessions/2021/Bills/Senate/PDF/S507v0.pdf)
2. **Edition 1** (committee substitute) — [source](https://www.ncleg.gov/Sessions/2021/Bills/Senate/PDF/S507v1.pdf)
3. **Ratified** (committee substitute) — [source](https://www.ncleg.gov/Sessions/2021/Bills/Senate/PDF/S507v2.pdf)
4. **SL 2021-106** (committee substitute) — [source](https://www.ncleg.gov/Sessions/2021/Bills/Senate/PDF/S507v3.pdf)

## Votes

- Second Reading — **49–0** (pass) · upper
- Second Reading — **109–0** (pass) · lower

## Sponsors

- Galey — cosponsor (person)

## Timeline

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

- **2021-08-16** Ch. SL 2021-106 `became-law`
- **2021-08-16** Signed by Gov. 8/16/2021 `executive-signature`
- **2021-08-06** Pres. To Gov. 8/6/2021 `executive-receipt`
- **2021-08-05** Ratified
- **2021-08-04** Ordered Enrolled
- **2021-08-04** Passed 3rd Reading `passage, reading-3`
- **2021-08-04** Passed 2nd Reading `reading-2`
- **2021-08-04** Added to Calendar
- **2021-08-04** Cal Pursuant Rule 36(b)
- **2021-08-04** Reptd Fav `committee-passage-favorable`
- **2021-05-13** Ref To Com On Rules, Calendar, and Operations of the House `referral-committee`
- **2021-05-13** Passed 1st Reading `reading-1`
- **2021-05-12** Regular Message Received From Senate
- **2021-05-12** Regular Message Sent To House
- **2021-05-11** Passed 3rd Reading `passage, reading-3`
- **2021-05-11** Passed 2nd Reading `reading-2`
- **2021-05-10** Reptd Fav `committee-passage-favorable`
- **2021-05-06** Re-ref Com On Rules and Operations of the Senate `referral-committee`
- **2021-05-06** Reptd Fav `committee-passage-favorable`
- **2021-05-05** Re-ref to Judiciary. If fav, re-ref to Rules and Operations of the Senate `referral-committee`
- **2021-05-05** Withdrawn From Com
- **2021-04-06** Ref To Com On Rules and Operations of the Senate `referral-committee`
- **2021-04-06** Passed 1st Reading `reading-1`
- **2021-04-05** Filed `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/45cda03b-dbac-4e97-a099-839c94cef648`. Confidence: reported (aggregated from official North Carolina legislature records).