South Carolina Statutes
§ 33-47-940 — Officers.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 47 MARKETING COOPERATIVE ASSOCIATIONS
The directors shall elect from their number a president and one or more vice-presidents. They shall also elect a secretary and treasurer who need not be directors and they may combine the two latter officers and designate the combined office as secretary-treasurer. The treasurer, who shall be a bonded official, may be a bank or any depository and as such shall not be considered as an officer but as a function of the board of directors. In such case the secretary shall perform the usual accounting duties of the treasurer except that the funds shall be deposited only as authorized by the board of directors.
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South Carolina § 33-47-940 (Officers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 12-964; 1952 Code SECTION 12-964; 1942 Code SECTION 6511; 1932 Code SECTION 6511; Civ. C. '22 SECTION 3415; 1921 (32) 339.
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.