S.C. Code § 34-3-240

Current through 2024 Act No. 225.

Section 34-3-240 - Other powers of directors

The directors may:

(1) Appoint all necessary officers and employees of the corporation, fix their compensation and take security for the faithful discharge of their respective duties;

(2) Prescribe the manner of paying for the stock of the corporation and the transfer thereof; and

(3) Prescribe from time to time such penalties for the nonpayment of subscriptions to the capital stock of the corporation as they may deem proper.

S.C. Code § 34-3-240

1885 (19) 214; R. S. 1541; Civ. C. '02 Section 1778; Civ. C. '12 Section 2663; Civ. C. '22 Section 4001; 1932 Code Section 7874; 1942 Code Section 7845; 1952 Code Section 8-134; 1962 Code Section 8-134.