South Carolina § 35-2-103 "Interested shares" defined; "Exchange Act" defined.

South Carolina Statutes

§ 35-2-103 — "Interested shares" defined; "Exchange Act" defined.

South Carolina § 35-2-103

Title 35SECURITIES

Ch. 2CONTROL SHARE ACQUISITIONS; BUSINESS COMBINATIONS

This text of South Carolina § 35-2-103 ("Interested shares" defined; "Exchange Act" defined.) 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. § 35-2-103 (2026).

Text

(A)As used in this article, "interested shares" means the shares of an issuing public corporation in respect of which any of the following persons may exercise or direct the exercise of the voting power of the corporation in the election of directors:

(1)an acquiring person or member of a group with respect to a control share acquisition;

(2)any officer of the issuing public corporation;

(3)any employee of the issuing public corporation who is also a director of the corporation.

(B)As used in this article, "Exchange Act" means the act of Congress known as the Securities Exchange Act of 1934, as amended.

Free access — add to your briefcase to read the full text and ask questions with AI

(A) As used in this article, "interested shares" means the shares of an issuing public corporation in respect of which any of the following persons may exercise or direct the exercise of the voting power of the corporation in the election of directors: (1) an acquiring person or member of a group with respect to a control share acquisition; (2) any officer of the issuing public corporation; (3) any employee of the issuing public corporation who is also a director of the corporation. (B) As used in this article, "Exchange Act" means the act of Congress known as the Securities Exchange Act of 1934, as amended.