South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Chapter 18 - Statutory Close Corporation Supplement

Section 33-18-101. Short title. - This chapter is known and may be cited as the...

Section 33-18-102. Application of Business Corporation Act and Professional Corporation Supplement. - (a) Chapters 1 through 17 of this title apply to...

Section 33-18-103. Definition and election of statutory close corporation status. - (a) A statutory close corporation is a corporation whose articles...

Section 33-18-109. Notice of statutory close corporation status on issued shares. - (a) The following statement must appear conspicuously on each share...

Section 33-18-110. Share transfer prohibition. - (a) An interest in shares of a statutory close corporation...

Section 33-18-120. Share transfer after first refusal by corporation. - (a) A person desiring to transfer shares of a statutory...

Section 33-18-130. Attempted share transfer in breach of prohibition. - (a) An attempt to transfer shares in a statutory close...

Section 33-18-140. Compulsory purchase of shares after death of shareholder. - (a) This section and Sections 33-18-150 through 33-18-170 apply to...

Section 33-18-150. Exercise of compulsory purchase right. - (a) A person entitled and desiring to exercise the compulsory...

Section 33-18-160. Court action to compel purchase. - (a) If an offer to purchase shares made under Section...

Section 33-18-170. Court costs and other expenses. - (a) The court in a proceeding commenced under Section 33-18-160...

Section 33-18-200. Shareholder agreements. - (a) All the shareholders of a statutory close corporation may...

Section 33-18-210. Elimination of board of directors. - (a) A statutory close corporation may operate without a board...

Section 33-18-220. Bylaws. - (a) A statutory close corporation need not adopt bylaws if...

Section 33-18-230. Annual meeting. - (a) The annual meeting date for a statutory close corporation...

Section 33-18-240. Execution of document in more than one capacity. - An individual who holds more than one office in a...

Section 33-18-250. Limited liability. - The failure of a statutory close corporation to observe the...

Section 33-18-300. Merger, share exchange, and sale of assets. - (a) A plan of merger or share exchange that, if...

Section 33-18-310. Termination of statutory close corporation status. - (a) A statutory close corporation may terminate its statutory close...

Section 33-18-320. Effect of termination of statutory close corporation status. - (a) A corporation that terminates its status as a statutory...

Section 33-18-330. Shareholder option to dissolve corporation. - (a) The articles of incorporation of a statutory close corporation...

Section 33-18-400. Court action to protect shareholders. - (a) Subject to satisfying the conditions of subsections (c) and...

Section 33-18-410. Ordinary relief. - (a) If the court finds that any grounds for relief...

Section 33-18-420. Extraordinary relief: share purchase. - (a) If the court finds that the ordinary relief described...

Section 33-18-430. Extraordinary relief: dissolution. - (a) The court may dissolve the corporation if it finds:...

Section 33-18-500. Application to existing corporations. - This chapter applies to all corporations electing statutory close corporation...