They shall file with the Secretary of State a written petition, signed by themselves, setting forth:
(1) The names and residences of the petitioners;
(2) The name of the proposed corporation, which shall include the word "cooperative";
(3) The place at which it proposes to have its principal place of business;
(4) The general nature of the business which it proposes to engage in;
(5) The amount of capital stock of the association and how and when payable;
(6) The number of shares into which the capital stock is to be divided and the par value of each share; and
(7) All other matters which it may be desirable to set forth.
HISTORY: 1962 Code Section 12-804; 1952 Code Section 12-804; 1942 Code Sections 8137, 8138; 1932 Code Sections 8137, 8138; Civ. C. '22 Sections 4331, 4332; 1915 (29) 235.
Structure South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Chapter 45 - Cooperative Associations Generally
Section 33-45-10. Definitions.
Section 33-45-20. Restrictions on use of the term "cooperative".
Section 33-45-30. Cooperative associations authorized.
Section 33-45-40. Filing of petition with Secretary of State.
Section 33-45-50. Issuance of commission by Secretary of State.
Section 33-45-60. Payment of subscriptions.
Section 33-45-70. Effect of failure to perform labor or deliver property.
Section 33-45-80. Minimum amount and par value of stock.
Section 33-45-90. Limitation on vote and amount of stock of single stockholder.
Section 33-45-100. Organization and election of directors.
Section 33-45-110. Management of affairs of corporation; removal of directors or officers.
Section 33-45-130. Calls for payment of subscriptions.
Section 33-45-140. Issuance of certificate of charter; recordation.
Section 33-45-145. Amendment of articles of incorporation.
Section 33-45-150. Powers of association.
Section 33-45-160. Investment in other cooperative.
Section 33-45-170. Membership in cotton cooperative.
Section 33-45-180. Apportionment of earnings.
Section 33-45-190. Annual report to Commissioner of Agriculture.
Section 33-45-200. Other associations may accept benefits of chapter.