NORTH CAROLINA GENERAL ASSEMBLY
1965 SESSION

CHAPTER 580
SENATE BILL 251

AN ACT TO AMEND G.S. 105-144 RELATING TO RECOGNITION OF GAIN OR LOSS UPON CORPORATE LIQUIDATION FOR INCOME TAX PURPOSES.

The General Assembly of North Carolina do enact:

Section 1.  G.S. 105-144(c1)(5)b, as the same appears in the 1965 Replacement Volume 2D of the General Statutes, is hereby amended by striking out the date "June 21, 1961" appearing therein in line 5 and inserting in lieu thereof "December 31, 1962".
Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.
Sec. 3.  This Act shall be in full force and effect from and after ratification.
In the General Assembly read three times and ratified, this the 18th day of May, 1965.