There is a newer version of the South Carolina Code of Laws
2013 South Carolina Code of Laws
Title 46 - Agriculture
CHAPTER 39 - FARMERS' ASSOCIATIONS
SECTION 46-39-80. Limitation on number of shares owned; one vote per share.
SC Code § 46-39-80 (2013) What's This?
No stockholder shall own shares of a greater par value than one fifth of the capital stock of the association. Each stockholder shall be allowed to cast as many votes as the number of shares he owns on any subject arising in the management of the association.
HISTORY: 1962 Code Section 3-708; 1962 (52) 2222; 1964 (53) 2208.
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