South Carolina § 33-8-105 Terms of directors generally.

South Carolina Statutes

§ 33-8-105 — Terms of directors generally.

South Carolina § 33-8-105

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 8DIRECTORS AND OFFICERS

This text of South Carolina § 33-8-105 (Terms of directors generally.) 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. § 33-8-105 (2026).

Text

(a)The terms of the initial directors of a corporation expire at the first shareholders' meeting at which directors are elected.

(b)The terms of all other directors expire at the next annual shareholders' meeting following their election unless their terms are staggered under Section 33-8-106.

(c)A decrease in the number of directors does not shorten an incumbent director's term.

(d)The term of a director elected to fill a vacancy expires at the next shareholders' meeting at which directors are elected.

(e)Despite the expiration of a director's term, he continues to serve until his successor is elected and qualifies or until there is a decrease in the number of directors.

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(a) The terms of the initial directors of a corporation expire at the first shareholders' meeting at which directors are elected. (b) The terms of all other directors expire at the next annual shareholders' meeting following their election unless their terms are staggered under Section 33-8-106. (c) A decrease in the number of directors does not shorten an incumbent director's term. (d) The term of a director elected to fill a vacancy expires at the next shareholders' meeting at which directors are elected. (e) Despite the expiration of a director's term, he continues to serve until his successor is elected and qualifies or until there is a decrease in the number of directors.

Legislative History

HISTORY: Derived from 1976 Code SECTION 33-13-40 [1962 Code SECTION 12-18.4; 1962 (52) 1996; 1981 Act No. 146, SECTION 2; Repealed 1988 Act No. 444, SECTION 2], and SECTION 33-13-50 [1962 Code SECTION 12-18.5; 1962 (52) 1996; 1963 (53) 327; 1981 Act No. 146, SECTION 2; Repealed, 1988 Act No. 444, SECTION 2]; 1988 Act No. 444, SECTION 2.