{"data":{"id":"us-sc/s.c.-code-ann.-33-13-250","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 33-13-250","heading":"Payment.","body":"(a) Except as provided in Section 33-13-270, as soon as the proposed corporate action is taken, or upon receipt of a payment demand, the corporation shall pay each dissenter who substantially complied with Section 33-13-230 the amount the corporation estimates to be the fair value of his shares, plus accrued interest.\n(b) The payment must be accompanied by:\n(1) the corporation's balance sheet as of the end of a fiscal year ending not more than sixteen months before the date of payment, an income statement for that year, a statement of changes in shareholders' equity for that year, and the latest available interim financial statements, if any;\n(2) a statement of the corporation's estimate of the fair value of the shares and an explanation of how the fair value was calculated;\n(3) an explanation of how the interest was calculated;\n(4) a statement of the dissenter's right to demand additional payment under Section 33-13-280; and\n(5) a copy of this chapter.","path":["Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 13 Dissenters' Rights","ARTICLE 2 Procedure for Exercise of Dissenters' Rights"],"source_url":"https://www.scstatehouse.gov/code/t33c013.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:03:19Z","sha256":"a7febb390bfcea5bdc3d106bad7dbdbbbea132ffebebf5a8bbf06da1ff5617c4","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-33-13-240","next":"us-sc/s.c.-code-ann.-33-13-260"},"notice":"GroundRules: Original legal text. Not legal advice."}