(a) For purposes of Chapters 1 through 20 of this Title, the following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder:
(1) three or fewer co-owners;
(2) a corporation, partnership, trust, estate, or other entity;
(3) the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.
(b) For purposes of Chapters 1 through 20 of this Title, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.
HISTORY: 1988 Act No. 444, Section 2.
Structure South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Chapter 1 - General Provisions
Section 33-1-101. Short title.
Section 33-1-102. Reservation of power to amend or repeal.
Section 33-1-103. Designation of representation in magistrates' court; unauthorized practice of law.
Section 33-1-200. Filing requirements.
Section 33-1-220. Filing, service, and copying fees.
Section 33-1-230. Effective time and date of filing.
Section 33-1-240. Correcting filed document.
Section 33-1-250. Filing duty of Secretary of State.
Section 33-1-260. Appeal from Secretary of State's refusal to file document.
Section 33-1-270. Evidentiary effect of copy of filed document.
Section 33-1-280. Certificate of existence.
Section 33-1-290. Penalty for signing false document.