South Carolina § 33-19-220 Share transfer restriction.

South Carolina Statutes

§ 33-19-220 — Share transfer restriction.

South Carolina § 33-19-220

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 19PROFESSIONAL CORPORATION SUPPLEMENT

This text of South Carolina § 33-19-220 (Share transfer restriction.) 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. § 33-19-220 (2026).

Text

(a)A shareholder of a professional corporation may transfer or pledge shares, fractional shares, and rights or options to purchase shares of the corporation only to individuals, general partnerships, and professional corporations qualified under Section 33-19-200 to be issued shares.

(b)A transfer of shares made in violation of subsection (a), except one made by operation of law or court judgment, is void.

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(a) A shareholder of a professional corporation may transfer or pledge shares, fractional shares, and rights or options to purchase shares of the corporation only to individuals, general partnerships, and professional corporations qualified under Section 33-19-200 to be issued shares. (b) A transfer of shares made in violation of subsection (a), except one made by operation of law or court judgment, is void.

Legislative History

HISTORY: Derived from 1976 Code SECTION 33-51-140 [1962 Code SECTION 56-1614; 1962 (52) 1911; Repealed, 1988 Act No. 444, SECTION 4(5)]; 1988 Act No. 444, SECTION 2.