{"data":{"id":"us-sc/s.c.-code-ann.-33-31-1706","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 33-31-1706","heading":"Public Benefit, Mutual Benefit, and Religious Corporations.","body":"(a) On the effective date of this chapter, each domestic corporation that is or becomes subject to this chapter shall be designated as a public benefit, mutual benefit, or religious corporation as follows:\n(1) any corporation designated by statute as a public benefit corporation, a mutual benefit corporation, or a religious corporation is the type of corporation designated by statute;\n(2) any corporation that does not come within subsection (1) but is organized primarily or exclusively for religious purposes is a religious corporation;\n(3) any corporation that does not come within subsection (1) or (2) but that is recognized as exempt under section 501(c)(3) of the Internal Revenue Code, or any successor provision, is a public benefit corporation;\n(4) any corporation that does not come within subsection (1), (2) or (3), but that is organized for a public or charitable purpose and that upon dissolution must distribute its assets to a public benefit corporation, the United States, a state, or a person that is recognized as exempt under section 501(c)(3) of the Internal Revenue Code or any successor provision, is a public benefit corporation; and\n(5) any corporation that does not come within subsection (1), (2), (3), or (4) is a mutual benefit corporation.\n(b) In any filing with the Secretary of State, an existing corporation may elect designation as a public benefit, mutual benefit, or religious corporation.","path":["Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 31 South Carolina Nonprofit Corporation Act","ARTICLE 17 Miscellaneous"],"source_url":"https://www.scstatehouse.gov/code/t33c031.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:03:59Z","sha256":"db71ce42fb716d86bdcba4ca3d85b6bdbc486191b39f2b4f5432a9726576bcbf","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-33-31-1705","next":"us-sc/s.c.-code-ann.-33-31-1707"},"notice":"GroundRules: Original legal text. Not legal advice."}