South Carolina Statutes
§ 33-6-280 — Expense of issue.
A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares.
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South Carolina § 33-6-280 (Expense of issue.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Derived from 1976 Code SECTION 33-9-100 [1962 Code SECTION 12-15.9; 1962 (52) 1996; 1981 Act No. 146, SECTION 2; Repealed, 1988 Act No. 444, SECTION 2]; 1988 Act No. 444, SECTION 2. ARTICLE 3 Subsequent Acquisition of Shares by Shareholders and Corporation
Nearby Sections
15
§ 33-6-101
Authorized shares.§ 33-6-103
Issued and outstanding shares.§ 33-6-104
Fractional shares.§ 33-6-210
Issuance of shares.§ 33-6-220
Liability of shareholders.§ 33-6-230
Share dividends.§ 33-6-250
Form and content of certificates.§ 33-6-260
Shares without certificates.§ 33-6-280
Expense of issue.§ 33-6-300
Shareholders' preemptive rights.§ 33-6-310
Corporation's acquisition of own shares.