South Carolina Statutes
§ 34-9-30 — Recovery of penalties for nonpayment of stock subscriptions and unpaid installments on subscriptions.
South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 9 BANK CAPITAL AND CAPITAL STOCK
The penalties for the nonpayment of any stock subscriptions as prescribed in Section 34-3-240, together with any unpaid installments on such subscriptions, may be recovered in any court having jurisdiction of the aggregate amount so due or the stock may be sold for cash after twenty days' notice advertised in the nearest newspaper. If at any such sale the sum bid should not be sufficient to satisfy and discharge the amount so due, together with the cost and charges incident to such sale, the subscriber in default shall be liable for any deficiency, and it may be recovered in the name of the corporation in any court having jurisdiction.
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South Carolina § 34-9-30 (Recovery of penalties for nonpayment of stock subscriptions and unpaid installments on subscriptions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 8-143; 1952 Code SECTION 8-143; 1942 Code SECTION 7845; 1932 Code SECTION 7874; Civ. C. '22 SECTION 4001; Civ. C. '12 SECTION 2663; Civ. C. '02 SECTION 1778; R. S. 1541; 1885 (19) 214.
Nearby Sections
12
§ 34-9-100
Issuance of capital notes or debentures.§ 34-9-130
Reserve requirements of state banks.§ 34-9-40
Minimum capital requirements.§ 34-9-70
Repealed.§ 34-9-80
Repealed.