South Carolina § 33-39-220 Additional contents of declaration of charter.

South Carolina Statutes

§ 33-39-220 — Additional contents of declaration of charter.

South Carolina § 33-39-220

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 39COUNTY BUSINESS DEVELOPMENT CORPORATIONS

This text of South Carolina § 33-39-220 (Additional contents of declaration of charter.) 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. § 33-39-220 (2026).

Text

The declaration of charter shall set forth (a) the amount of total authorized capital stock and the number of shares in which it is divided, (b) the par value of each share, (c) the amount of capital stock with which the corporation will commence business, (d) if there is more than one class of stock, a description of the different classes and (e) the names and post-office addresses of the subscribers of stock and the number of shares subscribed by each. The aggregate of the subscription shall be the amount of capital with which the corporation will commence business. The declaration of charter may also contain any provision consistent with the laws of this State for the regulation of the affairs of the corporation or creating, defining, limiting and regulating its powers. The declaration 

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The declaration of charter shall set forth (a) the amount of total authorized capital stock and the number of shares in which it is divided, (b) the par value of each share, (c) the amount of capital stock with which the corporation will commence business, (d) if there is more than one class of stock, a description of the different classes and (e) the names and post-office addresses of the subscribers of stock and the number of shares subscribed by each. The aggregate of the subscription shall be the amount of capital with which the corporation will commence business. The declaration of charter may also contain any provision consistent with the laws of this State for the regulation of the affairs of the corporation or creating, defining, limiting and regulating its powers. The declaration of charter shall be in accordance with the provisions of SECTION 33-2-102.

Legislative History

HISTORY: 1962 Code SECTION 12-1222; 1960 (51) 1907. Code Commissioner's Note The reference in subsection (e) to SECTION 33-37-30 was changed to SECTION 33-2-102 at the direction of the Code Commissioner to reflect the recodification by 1988 Act No. 444, SECTION 2.