South Carolina § 35-2-223 Interested shareholder on the effective date of this chapter; application of article.

South Carolina Statutes

§ 35-2-223 — Interested shareholder on the effective date of this chapter; application of article.

South Carolina § 35-2-223

Title 35SECURITIES

Ch. 2CONTROL SHARE ACQUISITIONS; BUSINESS COMBINATIONS

This text of South Carolina § 35-2-223 (Interested shareholder on the effective date of this chapter; application of article.) 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. § 35-2-223 (2026).

Text

This article does not apply to any business combination with an interested shareholder who was an interested shareholder on the effective date of this chapter.

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Legislative History

HISTORY: 1988 Act No. 444, SECTION 5, eff April 22, 1988. Editor's Note 1988 Act No. 444 SECTION 6 provides as follows: "For purposes of this act, when the terms 'effective date of this chapter' or 'effective date of this article' or similar derivations thereof are used in Chapter 2, Title 35 of the 1976 Code, as contained in Section 5 of this act, these terms must be construed to mean the effective date of the amendments to Chapter 2 of Title 35 as contained in this act."