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2017 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 49 - ELECTRIC COOPERATIVES
Section 33-49-60. Uniform Securities Act provisions are not applicable.
Universal Citation: SC Code § 33-49-60 (2017)
The provisions of Chapter 1 of Title 35 shall not apply to any note, bond or other evidence of indebtedness issued by any cooperative or foreign corporation transacting business in this State pursuant to this chapter, to the United States of America or any agency or instrumentality thereof or to any mortgage or deed of trust executed to secure the same. The provisions of said Title shall not apply to the issuance of membership certificates by any cooperative or any such foreign corporation.
HISTORY: 1962 Code Section 12-1006; 1952 Code Section 12-1006; 1942 Code Section 8555-120; 1939 (41) 240.
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