South Carolina § 33-19-210 Notice of professional corporation status on shares.

South Carolina Statutes

§ 33-19-210 — Notice of professional corporation status on shares.

South Carolina § 33-19-210

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 19PROFESSIONAL CORPORATION SUPPLEMENT

This text of South Carolina § 33-19-210 (Notice of professional corporation status on shares.) 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. § 33-19-210 (2026).

Text

(a)The following statement must appear conspicuously on each share certificate issued by a professional corporation: "The transfer of shares of a professional corporation is restricted by the South Carolina Professional Corporation Supplement, Chapter 19 of Title 33, and may be subject to further restriction imposed by the licensing authority. Shares of a professional corporation are subject also to a statutory repurchase obligation." (b) Within a reasonable time after the issuance or transfer of uncertificated shares of a professional corporation, the corporation shall send the shareholders a written notice containing the statement required by subsection (a).

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(a) The following statement must appear conspicuously on each share certificate issued by a professional corporation: "The transfer of shares of a professional corporation is restricted by the South Carolina Professional Corporation Supplement, Chapter 19 of Title 33, and may be subject to further restriction imposed by the licensing authority. Shares of a professional corporation are subject also to a statutory repurchase obligation." (b) Within a reasonable time after the issuance or transfer of uncertificated shares of a professional corporation, the corporation shall send the shareholders a written notice containing the statement required by subsection (a).

Legislative History

HISTORY: Derived from 1976 Code SECTION 33-51-100 [1962 Code SECTION 56-1610; 1962 (52) 1911; Repealed, 1988 Act No. 444, SECTION 4(5)], and SECTION 33-51-140 [1962 Code SECTION 56-1614; 1962 (52) 1911; Repealed, 1988 Act No. 444, SECTION 4(5)]; 1988 Act No. 444, SECTION 2.