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2017 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 45 - COOPERATIVE ASSOCIATIONS GENERALLY
Section 33-45-80. Minimum amount and par value of stock.
Universal Citation: SC Code § 33-45-80 (2017)
No association shall be formed under this chapter with a capital stock less than one hundred dollars. The par value of the shares shall not be less than five dollars.
HISTORY: 1962 Code Section 12-808; 1952 Code Section 12-808; 1942 Code Section 8141; 1932 Code Section 8141; Civ. C. '22 Section 4335; 1915 (29) 235.
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