South Carolina Statutes
§ 58-15-180 — Stockholders' preemptive right.
South Carolina·Title 58 PUBLIC UTILITIES, SERVICES AND CARRIERS·Ch. 15 RAILROAD, STREET RAILWAY, STEAMBOAT AND CANAL COMPANIES
When any corporation organized under the provisions of this chapter or any corporation whose charter may be amended hereunder shall increase its capital stock its stockholders shall be given the preference of taking the increase in proportion to the amount of stock they may individually own.
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Legislative History
HISTORY: 1962 Code SECTION 58-669; 1952 Code SECTION 58-669; 1942 Code SECTION 8190; 1932 Code SECTION 8190; Civ. C. '22 SECTION 4370; Civ. C. '12 SECTION 2884; Civ. C. '02 SECTION 1927; 1899 (23) 68.
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.