No association shall be formed under this chapter with a capital stock less than one hundred dollars. The par value of the shares shall not be less than one dollar.
HISTORY: 1962 Code Section 3-707; 1962 (52) 2222.
Structure South Carolina Code of Laws
Chapter 39 - Farmers' Associations
Section 46-39-10. Definitions.
Section 46-39-20. Cooperative association of farmers may be formed.
Section 46-39-30. Filing and contents of petition for incorporation.
Section 46-39-40. Commission of board of incorporators; opening books of subscriptions.
Section 46-39-50. Subscriptions to capital stock of association; how payable.
Section 46-39-70. Minimum limitation on amount of capital stock; par value.
Section 46-39-80. Limitation on number of shares owned; one vote per share.
Section 46-39-90. Meeting of subscribers; election of directors; votes of subscribers.
Section 46-39-100. Duties of directors; terms; removal; vacancies.
Section 46-39-110. Officers; election; bond.
Section 46-39-120. Call for payment of subscriptions.
Section 46-39-140. Powers of association.
Section 46-39-150. Dissolution of association.
Section 46-39-160. Certified copy of charter as evidence of incorporation.
Section 46-39-170. Secretary of State to file and index charters and amendments.