South Carolina Statutes
§ 35-2-216 — "Subsidiary" defined.
South Carolina § 35-2-216
This text of South Carolina § 35-2-216 ("Subsidiary" 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. § 35-2-216 (2026).
Text
As used in this article, "subsidiary" of any resident domestic corporation means any other corporation of which voting shares having a majority of the outstanding voting shares of the other corporation entitled to be cast are owned (directly or indirectly) by the resident domestic corporation.
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Legislative History
HISTORY: 1988 Act No. 444, SECTION 5, eff April 22, 1988.
Nearby Sections
15
§ 35-2-101
"Control shares" defined.§ 35-2-102
"Control share acquisition" defined.§ 35-2-104
"Issuing public corporation" defined.§ 35-2-105
Voting rights under Section 35-2-109.§ 35-2-106
Acquiring person statement.§ 35-2-107
Special meeting of shareholders.§ 35-2-108
Notice of shareholder meeting.§ 35-2-110
Redemption of acquired control shares.§ 35-2-201
"Affiliate" defined.§ 35-2-202
"Announcement date" defined.§ 35-2-203
"Associate" defined.§ 35-2-204
"Beneficial owner" defined.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 35-2-216, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/2/35-2-216.