South Carolina § 33-47-470 Payment upon death, withdrawal or expulsion of member.

South Carolina Statutes

§ 33-47-470 — Payment upon death, withdrawal or expulsion of member.

South Carolina § 33-47-470

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 47MARKETING COOPERATIVE ASSOCIATIONS

This text of South Carolina § 33-47-470 (Payment upon death, withdrawal or expulsion of member.) 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. § 33-47-470 (2026).

Text

Upon the death, withdrawal or expulsion of a member, the board of directors of the association shall, within one year, cause to be paid such member of his estate one hundred percent of all amounts due him for any and all raw products which have been delivered by him to the association. All other amounts which might be due for capital stock, certificates of interest, reserves or on account of any other equity credits shall be payable in accordance with the charter or bylaws of the association.

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Upon the death, withdrawal or expulsion of a member, the board of directors of the association shall, within one year, cause to be paid such member of his estate one hundred percent of all amounts due him for any and all raw products which have been delivered by him to the association. All other amounts which might be due for capital stock, certificates of interest, reserves or on account of any other equity credits shall be payable in accordance with the charter or bylaws of the association.

Legislative History

HISTORY: 1962 Code SECTION 12-937; 1952 Code SECTION 12-937; 1942 Code SECTION 6508; 1932 Code SECTION 6508; Civ. C. '22 SECTION 3412; 1921 (32) 339; 1935 (39) 163; 1981 Act No. 58, SECTION 1. ARTICLE 7 Stock and Stockholders