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2017 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 46 - TELEPHONE COOPERATIVE ACT
Section 33-46-340. Authority to mortgage or pledge of security of assets.
Universal Citation: SC Code § 33-46-340 (2017)
A mortgage or pledge of or other security interest in all or any part of the assets of a telephone cooperative, whether or not in the usual and regular course of business, may be made by authority of the board of directors of the telephone cooperative without authorization of the members, unless the articles of incorporation or bylaws require otherwise.
HISTORY: 1994 Act No. 392, Section 1.
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