South Carolina Statutes
§ 13-1-790 — Establishment of corporations by director.
South Carolina § 13-1-790
This text of South Carolina § 13-1-790 (Establishment of corporations by director.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 13-1-790 (2026).
Text
The director may establish profit or not-for-profit corporations as he considers necessary to carry out the purposes of this article. Officials or employees of the division may act as officials or employees of the corporations created pursuant to this section without additional compensation. A corporation created pursuant to this section is considered a "public procurement unit" for purposes of Article 19, Chapter 35 of Title 11. The division may make grants or loans to, or make guarantees for, the benefit of a not-for-profit corporation which the division has caused to be formed whose articles of incorporation require that its directors be elected by members of the division and all assets of which, upon dissolution, must be distributed to the division if it is in existence or, if it is no
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Legislative History
HISTORY: 1993 Act No. 181, SECTION 245, eff July 1, 1993.
Nearby Sections
15
§ 13-1-10
Department of Commerce established.§ 13-1-1000
Definitions.§ 13-1-1030
County-commission district overlap; consecutive terms; two commissioners from same county.§ 13-1-1060
Oath of office.§ 13-1-1080
Appointment of executive director.§ 13-1-1110
Organization and objectives of division.§ 13-1-1310
Division of Public Railways created.§ 13-1-1320
Definitions.§ 13-1-1330
Powers and duties of director of division.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 13-1-790, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/1/13-1-790.