South Carolina Statutes
§ 33-45-100 — Organization and election of directors.
South Carolina § 33-45-100
JurisdictionSouth Carolina
Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
Ch. 45COOPERATIVE ASSOCIATIONS GENERALLY
This text of South Carolina § 33-45-100 (Organization and election 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. § 33-45-100 (2026).
Text
When not less than fifty per cent of the proposed capital stock shall have been subscribed by bona fide subscribers the board of incorporators shall call all the subscribers together. At such meeting of the subscribers, if a majority of them shall be present in person or by proxy, the subscribers shall proceed to the organization of the association by the election from themselves of a board of directors not less than five nor more than nine in number, each subscriber having one vote and no more.
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Legislative History
HISTORY: 1962 Code SECTION 12-810; 1952 Code SECTION 12-810; 1942 Code SECTION 8142; 1932 Code SECTION 8142; Civ. C. '22 SECTION 4336; 1915 (29) 235; 1938 (40) 1665.
Nearby Sections
15
§ 33-45-10
Definitions.§ 33-45-100
Organization and election of directors.§ 33-45-120
Officers.§ 33-45-130
Calls for payment of subscriptions.§ 33-45-145
Amendment of articles of incorporation.§ 33-45-150
Powers of association.§ 33-45-160
Investment in other cooperative.§ 33-45-170
Membership in cotton cooperative.§ 33-45-180
Apportionment of earnings.§ 33-45-30
Cooperative associations authorized.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 33-45-100, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/45/33-45-100.