South Carolina § 33-45-110 Management of affairs of corporation; removal of directors or officers.

South Carolina Statutes

§ 33-45-110 — Management of affairs of corporation; removal of directors or officers.

South Carolina § 33-45-110

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 45COOPERATIVE ASSOCIATIONS GENERALLY

This text of South Carolina § 33-45-110 (Management of affairs of corporation; removal of directors or officers.) 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. § 33-45-110 (2026).

Text

This board of directors shall manage the affairs of the association for such term of office as the bylaws may prescribe and until their successors shall have been elected and shall have qualified and entered upon the discharge of their duties. But a majority of the stockholders at a meeting legally called according to the bylaws of the association may remove any director or officer for cause and fill the vacancy and thereupon the director or officer so removed shall cease to be a director or officer of the association.

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This board of directors shall manage the affairs of the association for such term of office as the bylaws may prescribe and until their successors shall have been elected and shall have qualified and entered upon the discharge of their duties. But a majority of the stockholders at a meeting legally called according to the bylaws of the association may remove any director or officer for cause and fill the vacancy and thereupon the director or officer so removed shall cease to be a director or officer of the association.

Legislative History

HISTORY: 1962 Code SECTION 12-811; 1952 Code SECTION 12-811; 1942 Code SECTION 8142; 1932 Code SECTION 8142; Civ. C. '22 SECTION 4336; 1915 (29) 235; 1938 (40) 1665.