South Carolina Code of Laws
Chapter 37 - Business Development Corporations
Section 33-37-30, 33-37-40. Reserved.

HISTORY: Former 33-37-30, titled Corporation shall not accept deposits, had the following history: 1962 Code Section 12-1103; 1958 (50) 1886. Reserved by 2015 Act No. 60, Section 1, eff June 4, 2015.
HISTORY: Former 33-37-40, titled Establishment and maintenance of surplus, had the following history: 1962 Code Section 12-1104; 1958 (50) 1886. Reserved by 2015 Act No. 60, Section 1, eff June 4, 2015.

Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 33 - Corporations, Partnerships and Associations

Chapter 37 - Business Development Corporations

Section 33-37-10. Definitions.

Section 33-37-20. Deposit of funds.

Section 33-37-30, 33-37-40. Reserved.

Section 33-37-50. Offices.

Section 33-37-60. Credit of State is not pledged.

Section 33-37-70. Corporation, its subsidiary, and securities issued thereby exempt from taxes and fees.

Section 33-37-80. Tax credit for nondeductible losses arising from sale or other disposition of securities of corporation.

Section 33-37-210. Filing declaration of charter; contents.

Section 33-37-220. Additional contents of declaration of charter.

Section 33-37-230. Charter shall be void unless business begun within three years.

Section 33-37-240. Calling first meeting; organization; quorum.

Section 33-37-250. Powers.

Section 33-37-260. Amendment of charter.

Section 33-37-270. Approval by Secretary of State and filing of articles of amendment.

Section 33-37-280. Subsidiary business entities.

Section 33-37-410. Who may become members, stockholders or bondholders.

Section 33-37-420. Application for membership.

Section 33-37-430. Duration of membership; withdrawal.

Section 33-37-440. Powers of stockholders and members.

Section 33-37-450. Voting by stockholders and members.

Section 33-37-460. Loans to corporation by members.

Section 33-37-465. Short-term loans to corporation by members.

Section 33-37-470. Authorization for issuance of new classes of stock.

Section 33-37-610. Management of corporation.

Section 33-37-620. Board of directors; membership; powers.

Section 33-37-630. Election of directors; vacancies.

Section 33-37-640. Liability for losses.

Section 33-37-910. Applicability of the Business Corporation Act.

Section 33-37-1010. Definitions.

Section 33-37-1020. Establishment of program; loan loss reserve.

Section 33-37-1030. Participating financial institution; execution of agreement.

Section 33-37-1040. Participating financial institutions; functions and duties.

Section 33-37-1050. Business Development Corporation; transfers to loss reserve account; reports.

Section 33-37-1060. Release of funds to cover losses by participating financial institutions.

Section 33-37-1070. Disposition of earnings and interest on state fund account and loss reserve account.

Section 33-37-1080. Discontinuance of participation by participating financial institution.

Section 33-37-1090. Audits and annual reports.

Section 33-37-1100. Dissolution of loss reserve fund.