Statutes, codes, and regulations
Code of Laws of South Carolina 1976
Title 58 - PUBLIC UTILITIES, SERVICES AND CARRIERSChapter 15 - RAILROAD, STREET RAILWAY, STEAMBOAT AND CANAL COMPANIES
Article 1 - INCORPORATION AND ORGANIZATION GENERALLY
Section 58-15-140 - Capital stock shall not be issued until price paid; exception

S.C. Code § 58-15-140

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Current through 2024 Act No. 225.
Section 58-15-140 - Capital stock shall not be issued until price paid; exception

No capital stock shall be issued by any corporation organized under this chapter until the subscription price therefor has been fully paid, except when, by the terms of the petition, the capital stock is to be paid for in installments and payment of the deferred portion has been secured.

S.C. Code § 58-15-140

1899 (23) 68; Civ. C. '02 Section 1930; Civ. C. '12 Section 2887; Civ. C. '22 Section 4373; 1932 Code Section 8193; 1942 Code Section 8193; 1952 Code Section 58-665; 1962 Code Section 58-665.