South Carolina Statutes
§ 33-39-10 — Definitions.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 39 COUNTY BUSINESS DEVELOPMENT CORPORATIONS
As used in this chapter the following words and phrases, unless differently defined or described, shall have meanings and references as follows:
(1)"Corporation" means a county business development corporation created under this chapter;
(2)"Financial institution" means any banking corporation or trust company, building and loan association, insurance company or related corporation, partnership, foundation or other institution engaged primarily in lending or investing funds;
(3)"Member" means any financial institution authorized to do business within this State which shall undertake to lend money to a corporation created under this chapter, upon its call, and in accordance with the provisions of this chapter;
(4)"Board of directors" means the board of directors of the corporation creat
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South Carolina § 33-39-10 (Definitions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 12-1201; 1960 (51) 1907.
Nearby Sections
15
§ 33-39-10
Definitions.§ 33-39-20
Deposit of funds.§ 33-39-210
Filing declaration of charter; contents.§ 33-39-240
Calling first meeting; organization; quorum.§ 33-39-250
Powers.§ 33-39-260
Amendment of charter.§ 33-39-30
Corporation shall not accept deposits.§ 33-39-420
Application for membership.§ 33-39-430
Duration of membership; withdrawal.§ 33-39-440
Powers of stockholders and members.