GroundRules
S.C. Code Ann. § 58-15-240: Fictitious increase of stock or indebtedness shall be void.
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
Neither stocks nor bonds shall be issued by any corporation organized under this chapter except for money paid, property delivered or labor done and all fictitious increase of stock or indebtedness shall be void.
Collected 2026-09-02T07:56:29Z. Source file · JSON