{"data":{"id":"us-sc/s.c.-code-ann.-33-31-304","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 33-31-304","heading":"Ultra vires.","body":"(a) Except as provided in subsection (b), the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act.\n(b) A corporation's power to act may be challenged in a proceeding against the corporation to enjoin an act where a third party has not acquired rights. The proceeding may be brought by the Attorney General, a director, or by a member or members in a derivative proceeding.\n(c) A corporation's power to act may be challenged in a proceeding against an incumbent or former director, officer, employee, or agent of the corporation. The proceeding may be brought by a director, the corporation, directly, derivatively, or through a receiver, a trustee, or other legal representative, or in the case of a public benefit corporation, by the Attorney General.","path":["Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 31 South Carolina Nonprofit Corporation Act","ARTICLE 3 Purposes"],"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":"defb3230824b75f74a5c5312f4fae4643499c17540873793242d35b0b5d4f77f","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-33-31-303","next":"us-sc/s.c.-code-ann.-33-31-305"},"notice":"GroundRules: Original legal text. Not legal advice."}