South Carolina § 58-15-90 Issuance of charter.

South Carolina Statutes

§ 58-15-90 — Issuance of charter.

South Carolina § 58-15-90

Title 58PUBLIC UTILITIES, SERVICES AND CARRIERS

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

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Bluebook

S.C. Code Ann. § 58-15-90 (2026).

Text

Upon the filing of the return and the payment of charter fees required by Chapter 29 of Title 33 the Secretary of State shall issue to the board of directors a certificate, to be known as a charter, that the corporation has been fully organized, according to the laws of this State under the name and for the purpose indicated in the written declaration; that it is fully authorized to commence business under its charter; that it is a body politic and corporate and as such may sue and be sued in any of the courts of this State; and, in the case of a railroad corporation, that it is entitled to all the rights and privileges and subject to all the liabilities of railroad corporations under the laws of this State.

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Upon the filing of the return and the payment of charter fees required by Chapter 29 of Title 33 the Secretary of State shall issue to the board of directors a certificate, to be known as a charter, that the corporation has been fully organized, according to the laws of this State under the name and for the purpose indicated in the written declaration; that it is fully authorized to commence business under its charter; that it is a body politic and corporate and as such may sue and be sued in any of the courts of this State; and, in the case of a railroad corporation, that it is entitled to all the rights and privileges and subject to all the liabilities of railroad corporations under the laws of this State.

Legislative History

HISTORY: 1962 Code SECTION 58-660; 1952 Code SECTION 58-660; 1942 Code SECTION 8183; 1932 Code SECTION 8183; Civ. C. '22 SECTION 4363; Civ. C. '12 SECTION 2877; Civ. C. '02 SECTION 1921; 1899 (23) 64.