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2018 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 45 - COOPERATIVE ASSOCIATIONS GENERALLY
Section 33-45-160. Investment in other cooperative.
Universal Citation: SC Code § 33-45-160 (2018)
At any regular meeting or at any duly called special meeting at which at least a majority of all its stockholders shall be present an association organized under this chapter may, by a majority vote of those present, authorize the investment of its reserve fund or any part thereof or of not to exceed twenty-five per cent of its capital in the capital stock of any other cooperative association.
HISTORY: 1962 Code Section 12-816; 1952 Code Section 12-816; 1942 Code Section 8145; 1932 Code Section 8145; Civ. C. '22 Section 4339; 1915 (29) 235.
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