2013 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 39 - COUNTY BUSINESS DEVELOPMENT CORPORATIONS
SECTION 33-39-240. Calling first meeting; organization; quorum.
The first meeting of the corporation shall be called by a notice signed by three or more of the incorporators, stating the time, place and purpose of the meeting, a copy of which notice shall be mailed or delivered to each incorporator at least five days before the day appointed for the meeting. The first meeting may be held without such notice upon agreement in writing to that effect signed by all the incorporators. There shall be recorded in the minutes of the meeting a copy of the notice or of such unanimous agreement of the incorporators.
At such first meeting the incorporators shall organize by the choice of a temporary clerk, by the adoption of bylaws, by the election by ballot of directors and by action upon such other matters within the powers of the corporation as the incorporators may see fit. The temporary clerk shall be sworn and shall make and attest a record of the proceedings. Six of the incorporators shall be a quorum for the transaction of business.
HISTORY: 1962 Code Section 12-1224; 1960 (51) 1907.
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