GroundRules
← Search the law
South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 58-27-1760: Permissible sales of securities to employees.

Read at publisher ↗
Where this section sits in the code
  1. Title 58 - PUBLIC UTILITIES, SERVICES AND CARRIERS
  2. CHAPTER 27 Electric Utilities and Electric Cooperatives
  3. ARTICLE 13 Issuance and Sales of Securities

Operating electrical utility companies may offer to their employees opportunities to purchase their securities, and may permit deductions from their wages or salaries to be applied on the payment of such purchases; provided that such offers shall permit only bona fide voluntary action on the part of the employees, and shall in no way require or coerce any employee into entering into or subscribing to any such plan.

Collected 2026-09-02T07:56:54Z. Source file · JSON

Browse this collection