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2021 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Chapter 1 - General Provisions
Section 33-1-420. Number of shareholders.
Universal Citation: SC Code § 33-1-420 (2021)
(a) For purposes of Chapters 1 through 20 of this Title, the following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder:
(1) three or fewer co-owners;
(2) a corporation, partnership, trust, estate, or other entity;
(3) the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.
(b) For purposes of Chapters 1 through 20 of this Title, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.
HISTORY: 1988 Act No. 444, Section 2.
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