South Carolina Statutes
§ 38-21-40 — Investments in securities of subsidiaries are not subject to other restrictions.
Investments in common stock, preferred stock, debt obligations, or other securities of subsidiaries made pursuant to Section 38-21-30 are not subject to any other investment restrictions or prohibitions contained in this title.
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South Carolina § 38-21-40 (Investments in securities of subsidiaries are not subject to other restrictions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-21-40 [1947 (45) 322; 1952 Code SECTION 37-854; 1962 Code SECTION 37-854] recodified as SECTION 38-37-40 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-29-40 [1962 Code SECTION 37-1403; 1971 (57) 351] recodified as SECTION 38-21-40 by 1987 Act No. 155, SECTION 1.
Nearby Sections
15
§ 38-21-10
Definitions.§ 38-21-120
Jurisdiction of courts; service of process.§ 38-21-140
Registration statement.§ 38-21-190
Termination of registration.