™Your Policy Risk Impact Agent
35 chapters · 1,028 sections in this title.
S.C. Code Ann. § 33-3-101 Purposes
0.4K chars
(a) Every corporation incorporated under Chapters 1 through 20 of this Title has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of incorporation. (b) A corporation engaging in a business that is subject to regulation unde…
S.C. Code Ann. § 33-3-102 General powers
2.8K chars
Unless its articles of incorporation provide otherwise, every corporation has perpetual duration and succession in its corporate name and has the same powers as an individual to do all things necessary or convenient to carry out its business and affairs, including without limitat…
S.C. Code Ann. § 33-3-103 Emergency powers
1.3K chars
(a) In anticipation of or during an emergency defined in subsection (d), the board of directors of a corporation may: (1) modify lines of succession to accommodate the incapacity of any director, officer, employee, or agent; and (2) relocate the principal office, designate altern…
S.C. Code Ann. § 33-3-104 Ultra vires
0.9K chars
(a) Except as provided in subsection (b), the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act. (b) A corporation's power to act may be challenged: (1) in a proceeding by a shareholder against the corporation to en…
