2013 South Carolina Code of Laws
Title 27 - Property and Conveyances
SECTION 27-31-90. Incorporation of co-owners.

SC Code § 27-31-90 (2013) What's This?

Nothing herein contained shall prohibit any council of co-owners from incorporating pursuant to the laws of South Carolina for the purpose of the administration of the property constituted into a horizontal property regime. In the event of such incorporation, the percentage of stock ownership of each co-owner in the corporation shall be equal to the percentage of his right to share in the common elements as computed in accordance with the provisions of this chapter.

HISTORY: 1962 Code Section 57-502; 1967 (55) 449.

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