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2018 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 39 - COUNTY BUSINESS DEVELOPMENT CORPORATIONS
Section 33-39-620. Board of directors; membership; powers.
Universal Citation: SC Code § 33-39-620 (2018)
The board of directors shall consist of such number, not more than seven, as shall be determined in the first instance by the incorporators and thereafter annually by the members and the stockholders of the corporation. The board of directors may exercise all the powers of the corporation except such as are conferred by law or by the bylaws of the corporation upon the stockholders or members and shall choose and appoint all the agents and officers of the corporation and fill all vacancies except vacancies in the office of director, which shall be filled as provided in Section 33-39-630.
HISTORY: 1962 Code Section 12-1262; 1960 (51) 1907.
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