South Carolina § 33-47-930 Remuneration; contracts with association.

South Carolina Statutes

§ 33-47-930 — Remuneration; contracts with association.

South Carolina § 33-47-930

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 47MARKETING COOPERATIVE ASSOCIATIONS

This text of South Carolina § 33-47-930 (Remuneration; contracts with 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. § 33-47-930 (2026).

Text

An association may provide a fair remuneration for the time actually spent by its officers and directors in its service. No director during the term of his office shall be a party to a contract for profit with the association differing in any way from the business relations accorded regular members or holders of common stock of the association or to any other kind of contract differing from terms generally current in that district.

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An association may provide a fair remuneration for the time actually spent by its officers and directors in its service. No director during the term of his office shall be a party to a contract for profit with the association differing in any way from the business relations accorded regular members or holders of common stock of the association or to any other kind of contract differing from terms generally current in that district.