South Carolina § 58-15-140 Capital stock shall not be issued until price paid; exception.

South Carolina Statutes

§ 58-15-140 — Capital stock shall not be issued until price paid; exception.

South Carolina § 58-15-140

Title 58PUBLIC UTILITIES, SERVICES AND CARRIERS

Ch. 15RAILROAD, STREET RAILWAY, STEAMBOAT AND CANAL COMPANIES

This text of South Carolina § 58-15-140 (Capital stock shall not be issued until price paid; exception.) 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. § 58-15-140 (2026).

Text

No capital stock shall be issued by any corporation organized under this chapter until the subscription price therefor has been fully paid, except when, by the terms of the petition, the capital stock is to be paid for in installments and payment of the deferred portion has been secured.

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Legislative History

HISTORY: 1962 Code SECTION 58-665; 1952 Code SECTION 58-665; 1942 Code SECTION 8193; 1932 Code SECTION 8193; Civ. C. '22 SECTION 4373; Civ. C. '12 SECTION 2887; Civ. C. '02 SECTION 1930; 1899 (23) 68.