South Carolina Statutes
§ 33-13-240 — Share restrictions.
(a)The corporation may restrict the transfer of uncertificated shares from the date the demand for payment for them is received until the proposed corporate action is taken or the restrictions are released under Section 33-13-260.
(b)The person for whom dissenters' rights are asserted as to uncertificated shares retains all other rights of a shareholder until these rights are canceled or modified by the taking of the proposed corporate action.
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South Carolina § 33-13-240 (Share restrictions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1988 Act No. 444, SECTION 2.
Nearby Sections
14
§ 33-13-101
Definitions.§ 33-13-102
Right to dissent.§ 33-13-103
Dissent by nominees and beneficial owners.§ 33-13-200
Notice of dissenters' rights.§ 33-13-210
Notice of intent to demand payment.§ 33-13-220
Dissenters' notice.§ 33-13-230
Shareholders' payment demand.§ 33-13-240
Share restrictions.§ 33-13-250
Payment.§ 33-13-260
Failure to take action.§ 33-13-270
After-acquired shares.§ 33-13-300
Court action.§ 33-13-310
Court costs and counsel fees.