Effect of failure to file return within twelve months

S.C. Code Ann. § 58-15-80, under Title 58, Chapter 15.

S.C. Code Ann. § 58-15-80

Should no return as herein provided be made to the Secretary of State within twelve months from the granting of the incorporators' commission, all proceedings hereunder shall be void and the incorporators shall be deemed to have waived all rights acquired under their declaration and such commission.