South Carolina Code of Laws
Chapter 36 - Corporations Not-for-profit Financed By Federal Or State Loans
Section 33-36-260. Powers.

A corporation not-for-profit organized pursuant to this chapter, unless otherwise provided in its articles of incorporation or by law, has the power to:
(1) have succession by its corporate name for the period provided for in its articles of incorporation;
(2) sue and be sued and appear and defend in all actions and proceedings in its corporate name to the same extent as a natural person;
(3) adopt and use and alter a common corporate seal;
(4) elect or appoint officers and agents as its affairs require and allow them reasonable compensation;
(5) adopt, change, amend, and repeal bylaws, not inconsistent with law or its articles of incorporation, for the administration of the affairs of the corporation and the exercise of its corporate powers;
(6) increase, by vote of its members cast as the bylaws direct, the numbers of its board members, managers, or officers so that the number is not less than three;
(7) make contracts and incur liabilities, borrow money at the rates of interest the corporation determines, issue its notes, bonds, and other obligations, secure its obligations by mortgage, and pledge all or any of its property, franchises, or income;
(8) conduct its affairs, carry on its operations, and have offices and exercise the powers granted by this chapter in any state, territory, district, or possession of the United States or any foreign country;
(9) purchase, take, receive, lease, take by gift, devise or bequest, or otherwise acquire, own, hold, improve, use, or otherwise deal in and with real or personal property, or any interest in it, wherever situated;
(10) acquire, enjoy, utilize, and dispose of patents, copyrights, and trademarks and licenses and other rights or interests in them;
(11) sell, convey, mortgage, pledge, lease, exchange, transfer, or otherwise dispose of all or part of its property and assets;
(12) purchase, take, receive, subscribe for, or otherwise acquire, own, hold, vote, use, employ, sell, mortgage, lend, pledge, or otherwise dispose of and otherwise use and deal in and with shares and other interests in, or obligations of, other domestic or foreign corporations, whether for profit or not for profit, associations, partnerships, or individuals, or direct or indirect obligations of the United States, or other government, state, territory, governmental district, municipality, or an instrumentality of them;
(13) lend money for its corporate purposes, invest and reinvest its funds, and take and hold real and personal property as security for the payment of funds loaned or invested;
(14) make donations for the public welfare or for religious, charitable, scientific, educational, or other similar purposes;
(15) have and exercise all powers necessary or convenient to effect the purposes for which the corporation is organized.
HISTORY: 2000 Act No. 404, Section 2.

Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 33 - Corporations, Partnerships and Associations

Chapter 36 - Corporations Not-for-profit Financed By Federal Or State Loans

Section 33-36-10. "Corporation not-for-profit" defined.

Section 33-36-20. Issuance of stock; compensation of members and officers; disposition of assets upon dissolution.

Section 33-36-210. Articles of incorporation.

Section 33-36-220. When corporation constituted.

Section 33-36-230. Fees.

Section 33-36-240. Amendment of charter and articles of incorporation.

Section 33-36-250. Conformance to provisions of Sections 33-36-10 and 33-36-20.

Section 33-36-260. Powers.

Section 33-36-270. Additional powers.

Section 33-36-280. Nonprofit corporations providing water supply or sewage disposal; exemption from rate regulation.

Section 33-36-290. Effect of irregularity in complying with provisions of chapter.

Section 33-36-300. Amendment of bylaws; emergency bylaws.

Section 33-36-410. Use of services provided as condition of membership.

Section 33-36-420. Annual meetings.

Section 33-36-430. Quorum.

Section 33-36-440. Voting.

Section 33-36-450. Member petitions.

Section 33-36-460. Private property of members exempted from liability for debt of corporation.

Section 33-36-610. Governing board; powers; membership.

Section 33-36-620. Quorum.

Section 33-36-630. Indemnification of board members who become parties to proceedings.

Section 33-36-640. Standards for board members.

Section 33-36-650. Election of board members; district representation; terms.

Section 33-36-660. Immunity.

Section 33-36-670. Officers.

Section 33-36-810. Sale of assets.

Section 33-36-820. Consolidation.

Section 33-36-830. Merger.

Section 33-36-840. Effect of consolidation or merger.

Section 33-36-1010. Voluntary dissolution of corporation-not-for profit which has not commenced business.

Section 33-36-1020. Voluntary dissolution of corporation not-for-profit which has commenced business.

Section 33-36-1030. Certificate of election to dissolve; affidavit of compliance.

Section 33-36-1040. Submission of certificate of dissolution and affidavit to Secretary of State.

Section 33-36-1050. Winding up and settling affairs.

Section 33-36-1060. Notice of winding up proceedings.

Section 33-36-1070. Articles of dissolution.

Section 33-36-1210. Corporations organized under Chapter 35 of Title 33.

Section 33-36-1310. Election procedures for nonprofit corporation providing water and sewer services to become a public service district.

Section 33-36-1315. Resolution to become public service district; notice; petition; vote.

Section 33-36-1320. Petition for charter.

Section 33-36-1330. Appointment or election of board members.

Section 33-36-1340. Election of commissioners.

Section 33-36-1350. Election of officers by the board.

Section 33-36-1360. Rights and powers of district.

Section 33-36-1370. District to assume all assets, properties and liabilities of antecedent nonprofit corporation.