South Carolina Statutes
§ 58-15-240 — Fictitious increase of stock or indebtedness shall be void.
South Carolina § 58-15-240
JurisdictionSouth Carolina
Title 58PUBLIC UTILITIES, SERVICES AND CARRIERS
Ch. 15RAILROAD, STREET RAILWAY, STEAMBOAT AND CANAL COMPANIES
This text of South Carolina § 58-15-240 (Fictitious increase of stock or indebtedness shall be void.) 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. § 58-15-240 (2026).
Text
Neither stocks nor bonds shall be issued by any corporation organized under this chapter except for money paid, property delivered or labor done and all fictitious increase of stock or indebtedness shall be void.
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Legislative History
HISTORY: 1962 Code SECTION 58-682; 1952 Code SECTION 58-682; 1942 Code SECTION 8195; 1932 Code SECTION 8195; Civ. C. '22 SECTION 4375; Civ. C. '12 SECTION 2889; Civ. C. '02 SECTION 1932; 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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 58-15-240, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/15/58-15-240.