Article 7. Shareholders. This article describes various legal requirements that affect elected and appointed local governing boards.You can now create and submit business creation documents online here. Need help filing business creation documents online? The state requires a 30-day notice from teachers. If we don't give that, the state can revoke our teaching license for the remainder of the school year. You can now create and submit business creation documents online here. Need help filing business creation documents online? To do this you need to fill out form BE-04, "Notice of Transfer of Reserved Name. The North Carolina Non-Profit Corporation Act.