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

South Carolina Statutes

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

South Carolina § 34-3-240

Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY

Ch. 3BANKS AND BANKING GENERALLY

This text of South Carolina § 34-3-240 (Other powers of directors.) 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. § 34-3-240 (2026).

Text

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.

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.