South Carolina § 58-15-150 Railroads may issue no par common stock.

South Carolina Statutes

§ 58-15-150 — Railroads may issue no par common stock.

South Carolina § 58-15-150

Title 58PUBLIC UTILITIES, SERVICES AND CARRIERS

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

This text of South Carolina § 58-15-150 (Railroads may issue no par common stock.) 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. § 58-15-150 (2026).

Text

A railroad corporation may issue common stock in shares having no par value on stating in its declaration and petition the number of such shares to be issued in lieu of the par value thereof and the minimum and maximum amount thereof.

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Legislative History

HISTORY: 1962 Code SECTION 58-666; 1952 Code SECTION 58-666; 1942 Code SECTION 8179; 1932 Code SECTION 8179; Civ. C. '22 SECTION 4359; Civ. C. '12 SECTION 2873; Civ. C. '02 SECTION 1917; 1899 (23) 64; 1921 (32) 146; 1927 (35) 30.