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2019 South Carolina Code of Laws
Title 39 - Trade and Commerce
Chapter 3 - Trusts, Monopolies And Restraints Of Trade
Section 39-3-160. Forfeiture of corporate franchise.
Universal Citation: SC Code § 39-3-160 (2019)
Any corporation created or organized by or under the laws of this State which shall violate any of the provisions of this article shall forfeit its corporate rights and franchises and its corporate existence shall, upon the proper proof being made thereof in any court of competent jurisdiction in the State, be by the court declared forfeited, void and of none effect and shall thereupon cease and determine. The clerk of such court shall certify the decree thereof to the Secretary of State.
HISTORY: 1962 Code Section 66-66; 1952 Code Section 66-66; 1942 Code Section 6629; 1932 Code Section 6637; Civ. C. '22 Section 3547; Civ. C. '12 Section 2454; 1902 (23) 1057.
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