South Carolina Statutes
§ 33-19-140 — Prohibited activities.
South Carolina § 33-19-140
JurisdictionSouth Carolina
Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
Ch. 19PROFESSIONAL CORPORATION SUPPLEMENT
This text of South Carolina § 33-19-140 (Prohibited activities.) 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. § 33-19-140 (2026).
Text
(a)A professional corporation may not render any professional service or engage in any business other than the professional service and business authorized by its articles of incorporation.
(b)Subsection (a) does not prohibit a professional corporation from investing its funds in real estate, mortgages, securities, or any other type of investment.
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Legislative History
HISTORY: Derived from 1976 Code SECTION 33-51-50 [1962 Code SECTION 56-1605; 1962 (52) 1911; Repealed, 1988 Act No. 444, SECTION 4(5)]; 1988 Act No. 444, SECTION 2.
Nearby Sections
15
§ 33-19-101
Short title.§ 33-19-102
Application of South Carolina Business Corporation Act and Statutory Close Corporation Supplement.§ 33-19-103
Supplement definitions.§ 33-19-109
Election of professional corporation status.§ 33-19-110
Purposes.§ 33-19-120
General powers.§ 33-19-130
Rendering professional services.§ 33-19-140
Prohibited activities.§ 33-19-150
Corporate name.§ 33-19-200
Issuance of shares.§ 33-19-220
Share transfer restriction.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 33-19-140, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/19/33-19-140.