GroundRules
S.C. Code Ann. § 58-15-150: Railroads may issue no par common stock.
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
A railroad corporation may issue common stock in shares having no par value on stating in its declaration and petition the number of such shares to be issued in lieu of the par value thereof and the minimum and maximum amount thereof.
Collected 2026-09-02T07:56:29Z. Source file · JSON