South Carolina § 51-15-520 Creation of corporations to acquire property for parks, playgrounds, and athletic facilities.

South Carolina Statutes

§ 51-15-520 — Creation of corporations to acquire property for parks, playgrounds, and athletic facilities.

South Carolina § 51-15-520

Title 51PARKS, RECREATION, AND TOURISM

Ch. 15MUNICIPAL PARKS AND RECREATIONAL FACILITIES

This text of South Carolina § 51-15-520 (Creation of corporations to acquire property for parks, playgrounds, and athletic facilities.) 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. § 51-15-520 (2026).

Text

Any such city or municipality may create corporations, own stock therein and name directors and officers for the management thereof, for the purpose of having the corporations acquire properties in like manner as provided in Section 51-15-510 for the uses set out therein. The Secretary of State may issue charters for such corporations just as charters are now issued for business corporations and such corporations when formed shall have the powers of usual business corporations, with special authority to buy, sell, own, lease or mortgage the real and personal property so acquired.

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Any such city or municipality may create corporations, own stock therein and name directors and officers for the management thereof, for the purpose of having the corporations acquire properties in like manner as provided in Section 51-15-510 for the uses set out therein. The Secretary of State may issue charters for such corporations just as charters are now issued for business corporations and such corporations when formed shall have the powers of usual business corporations, with special authority to buy, sell, own, lease or mortgage the real and personal property so acquired.