South Carolina Statutes
§ 33-47-660 — Purchase of its common stock by association.
South Carolina § 33-47-660
JurisdictionSouth Carolina
Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
Ch. 47MARKETING COOPERATIVE ASSOCIATIONS
This text of South Carolina § 33-47-660 (Purchase of its common stock by association.) 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. § 33-47-660 (2026).
Text
The association may, at any time, except when the debts of the association exceed fifty per cent of the assets thereof, buy in or purchase its common stock at the book value thereof as conclusively determined by the board of directors and pay for it in cash within one year thereafter.
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Legislative History
HISTORY: 1962 Code SECTION 12-946; 1952 Code SECTION 12-946; 1942 Code SECTION 6512; 1932 Code SECTION 6512; Civ. C. '22 SECTION 3416; 1921 (32) 339; 1935 (39) 205.
Nearby Sections
15
§ 33-47-10
Short title.§ 33-47-110
Annual reports.§ 33-47-1110
Contracts for marketing products.§ 33-47-1120
Damages for breach.§ 33-47-1130
Injunction and specific performance.§ 33-47-1140
Contracts entered into with other associations.§ 33-47-20
Definitions.§ 33-47-210
Articles of incorporation.§ 33-47-230
Powers of association.§ 33-47-240
Amendment of articles of incorporation.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 33-47-660, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/47/33-47-660.