South Carolina Statutes
§ 33-13-240 — Share restrictions.
South Carolina § 33-13-240
JurisdictionSouth Carolina
Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
Ch. 13DISSENTERS' RIGHTS
This text of South Carolina § 33-13-240 (Share restrictions.) 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. § 33-13-240 (2026).
Text
(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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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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 33-13-240, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/13/33-13-240.