South Carolina Statutes
§ 58-15-150 — Railroads may issue no par common stock.
South Carolina·Title 58 PUBLIC UTILITIES, SERVICES AND CARRIERS·Ch. 15 RAILROAD, STREET RAILWAY, STEAMBOAT AND CANAL COMPANIES
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.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 58-15-150 (Railroads may issue no par common stock.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.
Nearby Sections
15
§ 58-15-110
Effect of irregularity in incorporation.§ 58-15-1120
County where violation deemed committed.§ 58-15-1130
Taking part in violations shall be unlawful.§ 58-15-150
Railroads may issue no par common stock.§ 58-15-1540
Eliminated crossings shall be closed.