GroundRules
S.C. Code Ann. § 33-47-640: Limitation on amount of stock held.
Where this section sits in the code
- Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 47 Marketing Cooperative Associations
- ARTICLE 7 Stock and Stockholders
No stockholder of a cooperative association shall own more than one half of the issued common stock of the association. And an association, in its bylaws, may limit the amount of common stock which one member may own to any amount less than one twentieth of the issued common stock.
Collected 2026-09-02T07:04:49Z. Source file · JSON