There is a newer version
of
this Section
2018 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 45 - COOPERATIVE ASSOCIATIONS GENERALLY
Section 33-45-110. Management of affairs of corporation; removal of directors or officers.
Universal Citation: SC Code § 33-45-110 (2018)
This board of directors shall manage the affairs of the association for such term of office as the bylaws may prescribe and until their successors shall have been elected and shall have qualified and entered upon the discharge of their duties. But a majority of the stockholders at a meeting legally called according to the bylaws of the association may remove any director or officer for cause and fill the vacancy and thereupon the director or officer so removed shall cease to be a director or officer of the association.
HISTORY: 1962 Code Section 12-811; 1952 Code Section 12-811; 1942 Code Section 8142; 1932 Code Section 8142; Civ. C. '22 Section 4336; 1915 (29) 235; 1938 (40) 1665.
Disclaimer: These codes may not be the most recent version. South Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
