There is a newer version
of
this Section
2018 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 7 - SHAREHOLDERS
Section 33-7-260. Action by single and multiple voting groups.
Universal Citation: SC Code § 33-7-260 (2018)
(a) If the articles of incorporation or Chapters 1 through 20 of this Title provides for voting by a single voting group on a matter, action on that matter is taken when voted upon by that voting group as provided in Section 33-7-250.
(b) If the articles of incorporation or Chapters 1 through 20 of this Title provides for voting by two or more voting groups on a matter, action on that matter is taken only when voted upon by each of those voting groups counted separately as provided in Section 33-7-250. Action may be taken by one voting group on a matter even though no action is taken by another voting group entitled to vote on the matter.
HISTORY: 1988 Act No. 444, Section 2.
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.
