™Your Policy Risk Impact Agent
35 chapters · 1,028 sections in this title.
S.C. Code Ann. § 33-47-610 Issuance of stock
0.3K chars
No association shall issue stock to a member until it has been fully paid for. The promissory notes of the members may be accepted by the association as full or partial payment. The association shall hold the stock as security for the payment of the note, but such retention as se…
S.C. Code Ann. § 33-47-620 Preferred stock
0.3K chars
Any association organized with stock under this chapter may issue preferred stock, with or without the right to vote. Such stock may be redeemable or retirable by the association on such term and conditions as may be provided for by the articles of incorporation and printed on th…
S.C. Code Ann. § 33-47-630 Issuance of preferred stock for property purchased
0.6K chars
Whenever an association organized hereunder with preferred stock shall purchase any stock or any property, or any interest in any property, it may discharge the obligations so incurred, wholly or in part, by exchanging for the acquired interest shares of its preferred capital sto…
S.C. Code Ann. § 33-47-640 Limitation on amount of stock held
0.3K chars
No stockholder of a cooperative association shall own more than one half of the issued common stock of the association. And an association, in its bylaws, may limit the amount of common stock which one member may own to any amount less than one twentieth of the issued common stoc…
