South Carolina Statutes
§ 25-1-130 — Effect of disbandment of military organization.
The dissolution or disbandment of any such unit as a military organization shall not operate to terminate the existence of any such corporation but its existence shall continue for the period limited in its articles of incorporation for the benefit of such corporation. Upon the dissolution or disbandment of any such unit which shall not have incorporated and which shall at the time of such dissolution or disbandment possess any funds or property, the title to such funds or property shall immediately vest in the State and the Adjutant General shall take possession thereof and dispose of the same to the best interest of the National Guard of South Carolina.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 25-1-130 (Effect of disbandment of military organization.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 44-12; 1952 Code SECTION 44-12; 1950 (46) 1881; 1964 (53) 2241.
Nearby Sections
15
§ 25-1-10
Definitions.§ 25-1-1110
Promotions under federal law.§ 25-1-1120
Vacancies in new units.§ 25-1-1140
Vacancy in headquarters, Air National Guard.§ 25-1-1150
Vacancy in position of chief of staff, headquarters, Air National Guard; duties of chief of staff.§ 25-1-1160
Vacancy in grade of colonel or higher.§ 25-1-1350
Repealed.