South Carolina § 58-15-170 Stockholders' meeting shall authorize amendment.

South Carolina Statutes

§ 58-15-170 — Stockholders' meeting shall authorize amendment.

South Carolina·Title 58 PUBLIC UTILITIES, SERVICES AND CARRIERS·Ch. 15 RAILROAD, STREET RAILWAY, STEAMBOAT AND CANAL COMPANIES

Any railroad, steamboat, street railway or canal company in this State desiring to increase or decrease its capital stock, have its name changed or have its charter otherwise amended shall call a stockholders' meeting, giving at least thirty days' notice of the time, place and purpose of the meeting, and, if a majority of the stock of the corporation be present in person or by proxy, a resolution embodying the proposed changes, alterations or amendments be adopted, such resolution shall be attached to the petition filed with the Secretary of State under the provisions of Section 58-15-160.

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Any railroad, steamboat, street railway or canal company in this State desiring to increase or decrease its capital stock, have its name changed or have its charter otherwise amended shall call a stockholders' meeting, giving at least thirty days' notice of the time, place and purpose of the meeting, and, if a majority of the stock of the corporation be present in person or by proxy, a resolution embodying the proposed changes, alterations or amendments be adopted, such resolution shall be attached to the petition filed with the Secretary of State under the provisions of Section 58-15-160.

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Legislative History

HISTORY: 1962 Code SECTION 58-668; 1952 Code SECTION 58-668; 1942 Code SECTION 8189; 1932 Code SECTION 8189; Civ. C. '22 SECTION 4369; Civ. C. '12 SECTION 2883; Civ. C. '02 SECTION 1926; 1899 (23) 68; 1933 (38) 526.