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35 chapters · 1,028 sections in this title.
S.C. Code Ann. § 33-11-101 Merger
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(a) A business corporation may merge with or into: (i) another business corporation, domestic or foreign; (ii) a nonprofit corporation, to the extent authorized by Section 33-31-1101, if the board of directors of each corporation adopts and the shareholders of a business corporat…
S.C. Code Ann. § 33-11-102 Share exchange
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(a) A corporation may acquire all of the outstanding shares of one or more classes or series of another corporation if the board of directors of each corporation adopts and its shareholders, if required by Section 33-11-103, approve the exchange. (b) The plan of exchange must set…
S.C. Code Ann. § 33-11-103 Action on plan
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(a) After adopting a plan of merger or share exchange, the board of directors of each corporation party to the merger, and the board of directors of the corporation whose shares are to be acquired in the share exchange, shall submit the plan of merger (except as provided in subse…
S.C. Code Ann. § 33-11-104 Merger of subsidiary
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(a) A parent corporation owning at least ninety percent of the outstanding shares of each class of a subsidiary corporation may merge the subsidiary into itself without approval of the shareholders of the parent or subsidiary. (b) The board of directors of the parent shall adopt …
