South Carolina Statutes
§ 31-1-710 — Reorganization of limited dividend housing corporations.
Reorganization of limited dividend housing corporations shall be subject to the supervision and control of the director and no such reorganization shall be had without the authorization of such director. Upon all such reorganizations the amount of capitalization, including therein all stocks, income debentures and bonds and other evidences of indebtedness shall be such as is authorized by the director which, in making its determination, shall not exceed the fair value of the property involved.
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South Carolina § 31-1-710 (Reorganization of limited dividend housing corporations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 36-61; 1952 Code SECTION 36-61; 1942 Code SECTION 5271-14; 1933 (38) 176; 1993 Act No. 181, SECTION 501. ARTICLE 9 Standards for Factory-Built Housing, Materials, or Systems
Nearby Sections
15
§ 31-1-10
Short title.§ 31-1-130
Par value shares.§ 31-1-140
Declaration required in articles.§ 31-1-150
Income debentures.§ 31-1-170
Limited return on stock.§ 31-1-180
Limitations on actions by companies.§ 31-1-20
Declaration of legislative finding.§ 31-1-220
Fees.