South Carolina Statutes
§ 33-46-340 — Authority to mortgage or pledge of security of assets.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 46 TELEPHONE COOPERATIVE ACT
A mortgage or pledge of or other security interest in all or any part of the assets of a telephone cooperative, whether or not in the usual and regular course of business, may be made by authority of the board of directors of the telephone cooperative without authorization of the members, unless the articles of incorporation or bylaws require otherwise.
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South Carolina § 33-46-340 (Authority to mortgage or pledge of security of assets.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1994 Act No. 392, SECTION 1. ARTICLE 4 Members
Nearby Sections
15
§ 33-46-10
Short title.§ 33-46-100
Rights, privileges, and responsibilities.§ 33-46-20
Definitions.§ 33-46-210
Purpose.§ 33-46-220
Organization.§ 33-46-230
Articles of incorporation.§ 33-46-240
Naming of telephone cooperative.§ 33-46-30
Notice of meeting; waiver.§ 33-46-300
Powers of telephone cooperatives.§ 33-46-330
Sale of assets; procedures.§ 33-46-400
Membership of telephone cooperative.