South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Chapter 39 - County Business Development Corporations

Section 33-39-10. Definitions. - As used in this chapter the following words and phrases,...

Section 33-39-20. Deposit of funds. - The corporation shall not deposit any of its funds in...

Section 33-39-30. Corporation shall not accept deposits. - The corporation shall not receive money on deposit. HISTORY: 1962...

Section 33-39-40. Establishment and maintenance of surplus. - Each year the corporation shall set apart as earned surplus...

Section 33-39-50. Credit of county is not pledged. - Under no circumstances is the credit of the county pledged...

Section 33-39-60. Corporation and its securities exempt from taxes. - The corporation shall not be subject to any taxes based...

Section 33-39-70. Tax credit for nondeductible losses arising from sale and other disposition of securities of corporation. - Any stockholder, member or other holder of any securities, evidences...

Section 33-39-210. Filing declaration of charter; contents. - Ten or more persons, a majority of whom shall be...

Section 33-39-220. Additional contents of declaration of charter. - The declaration of charter shall set forth (a) the amount...

Section 33-39-230. Charter shall be void unless business begun within three years. - If a corporation organized pursuant to this chapter shall fail...

Section 33-39-240. Calling first meeting; organization; quorum. - The first meeting of the corporation shall be called by...

Section 33-39-250. Powers. - In furtherance of the purposes for which the corporation is...

Section 33-39-260. Amendment of charter. - The charter may be amended by the votes of the...

Section 33-39-270. Approval by Secretary of State and filing of articles of amendment. - Within thirty days after any meeting at which amendment of...

Section 33-39-410. Who may become members, stockholders or bondholders. - Notwithstanding any provision of any general or special law or...

Section 33-39-420. Application for membership. - Any financial institution may request membership in the corporation by...

Section 33-39-430. Duration of membership; withdrawal. - Membership in the corporation shall be for the duration of...

Section 33-39-440. Powers of stockholders and members. - The stockholders and the members of the corporation shall have...

Section 33-39-450. Voting by stockholders and members. - As to all matters requiring action by the stockholders and...

Section 33-39-460. Loans to corporation by members. - Each member of the corporation shall make loans to the...

Section 33-39-610. Management of corporation. - The business and affairs of the corporation shall be managed...

Section 33-39-620. Board of directors; membership; powers. - The board of directors shall consist of such number, not...

Section 33-39-630. Election of directors; vacancies. - The board of directors shall be elected initially by the...

Section 33-39-640. Liability for losses. - Directors and officers shall not be responsible for losses unless...