2013 South Carolina Code of Laws
Title 58 - Public Utilities, Services and Carriers
CHAPTER 27 - ELECTRIC UTILITIES AND ELECTRIC COOPERATIVES
SECTION 58-27-1760. Permissible sales of securities to employees.
Operating electrical utility companies may offer to their employees opportunities to purchase their securities, and may permit deductions from their wages or salaries to be applied on the payment of such purchases; provided that such offers shall permit only bona fide voluntary action on the part of the employees, and shall in no way require or coerce any employee into entering into or subscribing to any such plan.
HISTORY: 1962 Code Section 24-86; 1953 (48) 312.
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