Upon the filing of the petition as above and upon the payment of the fee for filing such petition the Secretary of State shall issue to the petitioners a commission constituting them a board of incorporators and authorizing them to open books of subscription to the capital stock of the proposed association after such public notice, not exceeding ten days, as he may require in such commission.
HISTORY: 1962 Code Section 12-805; 1952 Code Section 12-805; 1942 Code Section 8139; 1932 Code Section 8139; Civ. C. '22 Section 4333; 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.