South Carolina Statutes
§ 33-49-270 — Mortgage or pledge of assets.
South Carolina § 33-49-270
JurisdictionSouth Carolina
Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
Ch. 49ELECTRIC COOPERATIVES
This text of South Carolina § 33-49-270 (Mortgage or pledge of assets.) 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. § 33-49-270 (2026).
Text
A mortgage or pledge of or other security interest in all or any part of the assets of a cooperative, whether or not in the usual and regular course of its business, may be made by authority of the board of trustees of the cooperative without authorization of the members, unless the articles of incorporation or bylaws shall specifically so require.
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Legislative History
HISTORY: 1962 Code SECTION 12-1035.1; 1970 (56) 1967.
Nearby Sections
15
§ 33-49-10
Short title.§ 33-49-100
Fees.§ 33-49-1010
Dissolution before commencing business.§ 33-49-1020
Dissolution after commencing business.§ 33-49-1030
Action of board and members.§ 33-49-1040
Certificate of dissolution and affidavit.§ 33-49-1060
Notice of winding up.§ 33-49-1070
Power of board of trustees to wind up affairs.§ 33-49-1080
Articles of dissolution.§ 33-49-110
All papers shall be filed in quadruplicate.§ 33-49-1220
Articles of conversion.§ 33-49-1230
Approval at membership meeting.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 33-49-270, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/49/33-49-270.