South Carolina Statutes
§ 33-46-400 — Membership of telephone cooperative.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 46 TELEPHONE COOPERATIVE ACT
No person who is not an incorporator shall become a member of a telephone cooperative unless such person agrees to use telephone service furnished by the cooperative when such telephone service is available through its facilities. The bylaws of the telephone cooperative may provide for any or all of the following matters:
(1)the requirement of membership in the telephone cooperative or ownership of shares;
(2)the method, time, and manner of permitting members to withdraw or to transfer shares;
(3)the manner of assignment and transfer of the interest of members and of the shares (if any) and conditions upon which membership of any member shall cease;
(4)the automatic suspension of the rights of a member when he ceases to be eligible for membership in the telephone cooperative and the mo
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South Carolina § 33-46-400 (Membership of telephone cooperative.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1994 Act No. 392, SECTION 1.
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.