South Carolina § 39-3-160 Forfeiture of corporate franchise.

South Carolina Statutes

§ 39-3-160 — Forfeiture of corporate franchise.

South Carolina § 39-3-160

Title 39TRADE AND COMMERCE

Ch. 3TRUSTS, MONOPOLIES, AND RESTRAINTS OF TRADE

This text of South Carolina § 39-3-160 (Forfeiture of corporate franchise.) 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. § 39-3-160 (2026).

Text

Any corporation created or organized by or under the laws of this State which shall violate any of the provisions of this article shall forfeit its corporate rights and franchises and its corporate existence shall, upon the proper proof being made thereof in any court of competent jurisdiction in the State, be by the court declared forfeited, void and of none effect and shall thereupon cease and determine. The clerk of such court shall certify the decree thereof to the Secretary of State.

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Any corporation created or organized by or under the laws of this State which shall violate any of the provisions of this article shall forfeit its corporate rights and franchises and its corporate existence shall, upon the proper proof being made thereof in any court of competent jurisdiction in the State, be by the court declared forfeited, void and of none effect and shall thereupon cease and determine. The clerk of such court shall certify the decree thereof to the Secretary of State.

Legislative History

HISTORY: 1962 Code SECTION 66-66; 1952 Code SECTION 66-66; 1942 Code SECTION 6629; 1932 Code SECTION 6637; Civ. C. '22 SECTION 3547; Civ. C. '12 SECTION 2454; 1902 (23) 1057.