South Carolina Statutes
§ 33-10-101 — Authority to amend.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 10 AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS
(a)A corporation may amend its articles of incorporation to add or change a provision that is required or permitted in the articles of incorporation or to delete a provision not required in the articles of incorporation. Whether a provision is required or permitted in the articles of incorporation is determined as of the effective date of the amendment.
(b)A shareholder of the corporation does not have a vested property right resulting from any provision in the articles of incorporation, including provisions relating to management, control, capital structure, dividend entitlement, or purpose or duration of the corporation.
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Legislative History
HISTORY: Derived from 1976 Code SECTION 33-15-10 [1962 Code SECTION 12-19.1; 1952 Code SECTIONS 12-401 to 12-404; 1942 Code SECTIONS 7676, 7736, 7741, 7744; 1932 Code SECTIONS 7676, 7736, 7741, 7744; Civ. C. '22 SECTIONS 4250, 4310, 4315, 4318; Civ. C. '12 SECTIONS 2846, 2849, 2873; Civ. C. '02 SECTIONS 1842, 1851, 1892; R. S. 1499; 1886 (19) 846; 1896 (22) 97; 1898 (22) 769, 771; 1901 (23) 710; 1917 (30) 36; 1962 (52) 1996; 1963 (53) 327; 1981 Act No. 146, SECTION 2; Repealed 1988 Act No. 444, SECTION 2]; 1988 Act No. 444, SECTION 2.
Nearby Sections
13
§ 33-10-101
Authority to amend.§ 33-10-102
Amendment by board of directors.§ 33-10-104
Voting on amendments by voting groups.§ 33-10-105
Amendment before issuance of shares.§ 33-10-106
Articles of amendment.§ 33-10-107
Restated articles of incorporation.§ 33-10-108
Amendment pursuant to reorganization.§ 33-10-109
Effect of amendment.