GroundRules
S.C. Code Ann. § 58-15-140: Capital stock shall not be issued until price paid; exception.
Where this section sits in the code
- Title 58 - PUBLIC UTILITIES, SERVICES AND CARRIERS
- CHAPTER 15 Railroad, Street Railway, Steamboat and Canal Companies
- ARTICLE 1 Incorporation and Organization Generally
No capital stock shall be issued by any corporation organized under this chapter until the subscription price therefor has been fully paid, except when, by the terms of the petition, the capital stock is to be paid for in installments and payment of the deferred portion has been secured.
Collected 2026-09-02T07:56:29Z. Source file · JSON