South Carolina Statutes
§ 33-39-230 — Charter shall be void unless business begun within three years.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 39 COUNTY BUSINESS DEVELOPMENT CORPORATIONS
If a corporation organized pursuant to this chapter shall fail to begin business within three years from the effective date of its charter, then the charter shall become null and void.
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South Carolina § 33-39-230 (Charter shall be void unless business begun within three years.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 12-1223; 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.