South Carolina § 33-46-720 Recommendation of dissolution; membership vote; meeting; notice.

South Carolina Statutes

§ 33-46-720 — Recommendation of dissolution; membership vote; meeting; notice.

South Carolina § 33-46-720

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 46TELEPHONE COOPERATIVE ACT

This text of South Carolina § 33-46-720 (Recommendation of dissolution; membership vote; meeting; notice.) 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. § 33-46-720 (2026).

Text

Two-thirds of the membership of the board of directors shall first recommend to the membership that the telephone cooperative be dissolved. The proposition that the telephone cooperative be dissolved must be submitted to the membership of the telephone cooperative for a vote at a special meeting of the membership called only for this purpose. The notice for the meeting at which a proposal to dissolve the telephone cooperative is considered shall set forth:

(1)a detailed proposition for dissolution;

(2)the plan for sale and distribution of assets;

(3)the plan for continuance of service; and (4) the time and location of the meeting. The proposed voluntary dissolution is approved upon affirmative vote of not less than two-thirds of the members of the telephone cooperative.

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Two-thirds of the membership of the board of directors shall first recommend to the membership that the telephone cooperative be dissolved. The proposition that the telephone cooperative be dissolved must be submitted to the membership of the telephone cooperative for a vote at a special meeting of the membership called only for this purpose. The notice for the meeting at which a proposal to dissolve the telephone cooperative is considered shall set forth: (1) a detailed proposition for dissolution; (2) the plan for sale and distribution of assets; (3) the plan for continuance of service; and (4) the time and location of the meeting. The proposed voluntary dissolution is approved upon affirmative vote of not less than two-thirds of the members of the telephone cooperative.