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35 chapters · 1,028 sections in this title.
S.C. Code Ann. § 33-31-1302 Authorized distributions
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(a) A mutual benefit corporation may purchase its memberships if after the purchase is completed: (1) the corporation would be able to pay its debts as they become due in the usual course of its activities; and (2) the corporation's total assets would at least equal the sum of it…
S.C. Code Ann. § 33-31-140 Definitions
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Unless the context otherwise requires; (1) "Approved by the members" or "approval by the members" means approved or ratified by the members entitled to vote on the issue through either: (a) the affirmative vote of a majority of the votes of the members represented and voting at a…
S.C. Code Ann. § 33-31-1401 Dissolution by incorporators
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(a) The incorporators of a corporation that has no members and that does not yet have initial directors, upon written consents signed by a majority of the incorporators, or through a vote of a majority of the incorporators at a meeting of the incorporators, subject to any approva…
S.C. Code Ann. § 33-31-1402 Dissolution by directors, members, and third persons
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(a) Unless this chapter, the articles, or bylaws require a greater vote or voting by class, dissolution is authorized if it is approved: (1) by the board; (2) by the members, if any, by two-thirds of the votes cast or a majority of the voting power, whichever is less; and (3) in …
