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2019 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Chapter 37 - Business Development Corporations
Section 33-37-430. Duration of membership; withdrawal.
Universal Citation: SC Code § 33-37-430 (2019)
Membership in the corporation must be for the duration of the corporation; provided, that upon written notice given to the corporation three years in advance a member may withdraw from membership in the corporation at the expiration date of the notice.
HISTORY: 1962 Code Section 12-1143; 1958 (50) 1886; 2015 Act No. 60 (S.389), Section 1, eff June 4, 2015.
Effect of Amendment
2015 Act No. 60, Section 1, substituted "must be" for "shall be", and substituted "the notice" for "such notice".
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