South Carolina Statutes
§ 33-45-160 — Investment in other cooperative.
South Carolina § 33-45-160
JurisdictionSouth Carolina
Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
Ch. 45COOPERATIVE ASSOCIATIONS GENERALLY
This text of South Carolina § 33-45-160 (Investment in other cooperative.) 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. § 33-45-160 (2026).
Text
At any regular meeting or at any duly called special meeting at which at least a majority of all its stockholders shall be present an association organized under this chapter may, by a majority vote of those present, authorize the investment of its reserve fund or any part thereof or of not to exceed twenty-five per cent of its capital in the capital stock of any other cooperative association.
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Legislative History
HISTORY: 1962 Code SECTION 12-816; 1952 Code SECTION 12-816; 1942 Code SECTION 8145; 1932 Code SECTION 8145; Civ. C. '22 SECTION 4339; 1915 (29) 235.
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 § 33-45-160, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/45/33-45-160.