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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 33-37-620: Board of directors; membership; powers.

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Where this section sits in the code
  1. Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
  2. CHAPTER 37 Business Development Corporations
  3. ARTICLE 7 Directors and Officers

The board of directors shall consist of such number, not more than twenty-one, as must be determined in the first instance by the incorporators and thereafter annually by the members and the stockholders of the corporation. The board of directors may exercise all the powers of the corporation except those as are conferred by law or by the bylaws of the corporation upon the stockholders or members and shall choose and appoint all the agents and officers of the corporation and fill all vacancies except vacancies in the office of director, which must be filled as provided in Section 33-37-630. The board of directors must be elected as provided in Section 33-37-630.

Collected 2026-09-02T07:04:09Z. Source file · JSON

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