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2018 South Carolina Code of Laws
Title 46 - Agriculture
CHAPTER 39 - FARMERS' ASSOCIATIONS
Section 46-39-50. Subscriptions to capital stock of association; how payable.
Universal Citation: SC Code § 46-39-50 (2018)
All subscriptions to the capital stock of any association organized under this chapter shall be payable in money or in labor or property at its money value and shall be listed, the labor or the property and the value thereof to be specified in the list of subscriptions. But no subscription in labor or property shall be received unless such labor or property and the value thereof, so to be specified as aforesaid, be approved by the board of incorporators.
HISTORY: 1962 Code Section 3-705; 1962 (52) 2222.
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