South Carolina § 33-49-1330 Suits; securing evidences of indebtedness.

South Carolina Statutes

§ 33-49-1330 — Suits; securing evidences of indebtedness.

South Carolina § 33-49-1330

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 49ELECTRIC COOPERATIVES

This text of South Carolina § 33-49-1330 (Suits; securing evidences of indebtedness.) 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. § 33-49-1330 (2026).

Text

Any such foreign corporation may sue and be sued in the courts of this State to the same extent that a cooperative may sue or be sued in such courts. Any such foreign corporation may secure its notes, bonds or other evidences of indebtedness by mortgage, pledge, deed of trust or other encumbrance upon any or all of its then owned or after-acquired real or personal property, assets or franchises located or to be located in this State and also upon the revenues and income thereof.

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Any such foreign corporation may sue and be sued in the courts of this State to the same extent that a cooperative may sue or be sued in such courts. Any such foreign corporation may secure its notes, bonds or other evidences of indebtedness by mortgage, pledge, deed of trust or other encumbrance upon any or all of its then owned or after-acquired real or personal property, assets or franchises located or to be located in this State and also upon the revenues and income thereof.

Legislative History

HISTORY: 1962 Code SECTION 12-1083; 1952 Code SECTION 12-1083; 1942 Code SECTION 8555-116; 1939 (41) 240. ARTICLE 17 Termination of Electric Service Due to Nonpayment