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2018 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 37 - BUSINESS DEVELOPMENT CORPORATIONS
Section 33-37-440. Powers of stockholders and members.
Universal Citation: SC Code § 33-37-440 (2018)
The stockholders and the members of the corporation shall have the following powers of the corporation:
(1) to elect directors;
(2) to make, amend, and repeal bylaws;
(3) to amend the charter; and
(4) to exercise those powers of the corporation as may be conferred on the stockholders and the members by the bylaws.
HISTORY: 1962 Code Section 12-1144; 1958 (50) 1886; 2015 Act No. 60 (S.389), Section 1, eff June 4, 2015.
Effect of Amendment
2015 Act No. 60, Section 1, in (1) through (4), changed "To" to lower case; in (2), inserted a comma following "amend"; and in (4), substituted "those powers" for "such other of the powers".
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