South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Chapter 44 - Uniform Limited Liability Company Act Of 1996

Section 33-44-302. Limited liability company liable for member's or manager's actionable conduct. - A limited liability company is liable for loss or injury...

Section 33-44-303. Liability of members and managers. - (a) Except as otherwise provided in subsection (c), the debts,...

Section 33-44-401. Form of contribution. - A contribution of a member of a limited liability company...

Section 33-44-402. Member's liability for contributions. - (a) A member's obligation to contribute money, property, or other...

Section 33-44-403. Member's and manager's rights to payments and reimbursement. - (a) A limited liability company shall reimburse a member or...

Section 33-44-404. Management of limited liability company. - (a) In a member-managed company: (1) each member has equal...

Section 33-44-405. Sharing of and right to distributions. - (a) Any distributions made by a limited liability company before...

Section 33-44-406. Limitations on distributions. - (a) A distribution may not be made if: (1) the...

Section 33-44-407. Liability for unlawful distributions. - (a) A member of a member-managed company or a member...

Section 33-44-408. Member's right to information. - (a) A limited liability company shall provide members and their...

Section 33-44-409. General standards of member's and manager's conduct. - (a) The only fiduciary duties a member owes to a...

Section 33-44-410. Actions by members. - (a) A member or manager may maintain an action against...

Section 33-44-411. Continuation of term company after expiration of specified term. - (a) If a term company is continued after the expiration...

Section 33-44-501. Member's distributional interest. - (a) A member is not a co-owner of, and has...

Section 33-44-502. Transfer of distributional interest. - A transfer of a distributional interest does not entitle the...

Section 33-44-503. Rights of transferee. - (a) A transferee of a distributional interest may become a...

Section 33-44-504. Rights of creditor. - (a) On application by a judgment creditor of a member...

Section 33-44-601. Events causing member's dissociation. - A member is dissociated from a limited liability company upon...

Section 33-44-602. Member's power to dissociate; wrongful dissociation. - (a) Unless otherwise provided in the operating agreement, a member...

Section 33-44-603. Effect of member's dissociation. - Upon a member's dissociation: (1) in an at-will company, the...

Section 33-44-701. Company purchase of distributional interest. - (a) A limited liability company shall purchase a distributional interest...

Section 33-44-702. Court action to determine fair value of distributional interest. - (a) In an action brought to determine the fair value...

Section 33-44-703. Dissociated member's power to bind limited liability company. - For two years after a member dissociates without the dissociation...

Section 33-44-704. Statement of dissociation. - (a) A dissociated member or a limited liability company may...

Section 33-44-801. Events causing dissolution and winding up of company's business. - A limited liability company is dissolved, and its business must...

Section 33-44-802. Limited liability company continues after dissolution. - (a) Subject to subsection (b), a limited liability company continues...

Section 33-44-803. Right to wind up limited liability company's business. - (a) After dissolution, a member who has not wrongfully dissociated...

Section 33-44-804. Member's or manager's power and liability as agent after dissolution. - (a) A limited liability company is bound by a member's...

Section 33-44-805. Articles of termination. - (a) At any time after dissolution and winding up, a...

Section 33-44-806. Distribution of assets in winding up limited liability company's business. - (a) In winding up a limited liability company's business, the...

Section 33-44-807. Known claims against dissolved limited liability company. - (a) A dissolved limited liability company may dispose of the...

Section 33-44-808. Other claims against dissolved limited liability company. - (a) A dissolved limited liability company may publish notice of...

Section 33-44-809. Grounds for administrative dissolution. - The Secretary of State may commence a proceeding to dissolve...

Section 33-44-810. Procedure for and effect of administrative dissolution. - (a) If the Secretary of State determines that a ground...

Section 33-44-811. Reinstatement following administrative dissolution. - (a) A limited liability company administratively dissolved may apply to...

Section 33-44-812. Appeal from denial of reinstatement. - (a) If the Secretary of State denies a limited liability...

Section 33-44-901. Definitions. - In this article: (1) "Corporation" means a corporation organized under...

Section 33-44-902. Conversion of partnership or limited partnership to limited liability company. - (a) A partnership or limited partnership may be converted to...

Section 33-44-903. Effect of conversion on entity; filing name change on title to real property. - (a) A partnership or limited partnership that has been converted...

Section 33-44-904. Merger of entities. - (a) Pursuant to a plan of merger approved under subsection...

Section 33-44-905. Articles of merger. - (a) After approval of the plan of merger pursuant to...

Section 33-44-906. Effect of merger. - (a) When a merger takes effect: (1) the separate existence...

Section 33-44-907. Article not exclusive. - This article does not preclude an entity from being converted...

Section 33-44-908. Conversion to corporation; approval and contents of agreement of conversion; filing of articles of incorporation. - (a) A limited liability company may be converted to a...

Section 33-44-909. When conversion takes effect; filing of notice of name change as to real property. - (a) A limited liability company that is converted to a...

Section 33-44-910. Conversion to limited partnership; terms and approval of agreement of conversion; filing of certificate of limited partnership. - (a) A limited liability company may be converted to a...

Section 33-44-911. When conversion takes effect; notice of name change as to real property. - (a) A limited liability company that is converted to a...

Section 33-44-912. Conversion to partnership; contents and approval of agreement of conversion; filing articles of conversion. - (a) A limited liability company may be converted to a...

Section 33-44-913. When conversion takes effect; notice of name change as to real property. - (a) A limited liability company that has been converted to...

Section 33-44-914. Conversion under other law. - A limited liability company is not precluded from being converted...

Section 33-44-1001. Law governing foreign limited liability companies. - (a) Except as provided in Section 12-2-25 for single-member limited...

Section 33-44-1002. Application for certificate of authority. - (a) A foreign limited liability company may apply for a...

Section 33-44-1003. Activities not constituting transacting business. - (a) activities of a foreign limited liability company that are...

Section 33-44-1004. Issuance of certificate of authority. - Unless the Secretary of State determines that an application for...

Section 33-44-1005. Name of foreign limited liability company. - (a) If the name of a foreign limited liability company...

Section 33-44-1006. Revocation of certificate of authority. - (a) A certificate of authority of a foreign limited liability...

Section 33-44-1007. Cancellation of authority. - A foreign limited liability company may cancel its authority to...

Section 33-44-1008. Effect of failure to obtain certificate of authority. - (a) A foreign limited liability company transacting business in this...

Section 33-44-1009. Action by Attorney General. - The Attorney General may maintain an action to restrain a...

Section 33-44-1101. Right of action. - A member of a limited liability company may maintain an...

Section 33-44-1102. Proper plaintiff. - In a derivative action for a limited liability company, the...

Section 33-44-1103. Pleading. - In a derivative action for a limited liability company, the...

Section 33-44-1104. Expenses. - If a derivative action for a limited liability company is...

Section 33-44-1201. Uniformity of application and construction. - This chapter shall be applied and construed to effectuate its...

Section 33-44-1202. Short title. - This chapter may be cited as the South Carolina Uniform...

Section 33-44-1203. Severability clause. - If any provision of this chapter or its application to...

Section 33-44-1204. Fees. - (a) The Secretary of State shall collect the following fees...

Section 33-44-1205. Term partnership includes limited liability company. - Except (1) as otherwise required by the context, (2) as...

Section 33-44-1206. Transitional provisions. - (a) Before January 1, 2001, this chapter governs only a...

Section 33-44-1207. Savings clause. - This chapter does not affect an action or proceeding commenced...

Section 33-44-1208. Qualification of foreign corporation. - A foreign corporation is not required to qualify to do...

<< Previous

Next >>

South Carolina Code of Laws Title 33 - Corporations, Partnerships and Associations Chapter 44 - Uniform Limited Liability Company Act Of 1996

South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Chapter 44 - Uniform Limited Liability Company Act Of 1996