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Current as of January 01, 2023 | Updated by Findlaw Staff
If any person shall transact business as trader or merchant, with the addition of the words “factor,” “agent,” “& Company” or “& Co.,” or shall conduct such business under any name or style other than his own, except in case of a corporation, and fail to disclose the name of his principal or partner by a sign placed conspicuously at the place wherein such business is conducted, then all the property, stock of goods and merchandise, and choses in action purchased, used and contracted in the course of such business shall, as to creditors, be liable for the debts contracted in the course of such business by the person in charge of same. Provided, this section shall not apply to any person transacting business under license as an auctioneer, broker, or commission merchant; in all actions under this section it is incumbent on such trader or merchant to prove compliance with the same.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 66. Commerce and Business § 66-72. Person trading as “company” or “agent” to disclose real parties - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-66-commerce-and-business/nc-gen-st-sect-66-72/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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