South Carolina § 34-3-240 Other powers of directors.

South Carolina Statutes

§ 34-3-240 — Other powers of directors.

South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 3 BANKS AND BANKING GENERALLY

The directors may:

(1)Appoint all necessary officers and employees of the corporation, fix their compensation and take security for the faithful discharge of their respective duties;

(2)Prescribe the manner of paying for the stock of the corporation and the transfer thereof; and (3) Prescribe from time to time such penalties for the nonpayment of subscriptions to the capital stock of the corporation as they may deem proper.

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The directors may: (1) Appoint all necessary officers and employees of the corporation, fix their compensation and take security for the faithful discharge of their respective duties; (2) Prescribe the manner of paying for the stock of the corporation and the transfer thereof; and (3) Prescribe from time to time such penalties for the nonpayment of subscriptions to the capital stock of the corporation as they may deem proper.

South Carolina § 34-3-240 (Other powers of directors.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1962 Code SECTION 8-134; 1952 Code SECTION 8-134; 1942 Code SECTION 7845; 1932 Code SECTION 7874; Civ. C. '22 SECTION 4001; Civ. C. '12 SECTION 2663; Civ. C. '02 SECTION 1778; R. S. 1541; 1885 (19) 214.