{"data":{"id":"us-sc/s.c.-code-ann.-33-37-465","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 33-37-465","heading":"Short-term loans to corporation by members.","body":"A member may make short-term loans to the corporation independently of the loan calls made pursuant to Section 33-37-460. These short-term loans are not subject to the limitations and restrictions described in Section 33-37-460. When the purpose of the short-term loan is to provide funds to the corporation for disbursement of a loan, the corporation may grant to the member funding the short-term loan a security interest in or collateral assignment of the loan on the condition that the security interest or collateral assignment is terminated upon payment of the short-term loan.","path":["Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 37 Business Development Corporations","ARTICLE 5 Members and Stockholders; Loans to Corporation"],"source_url":"https://www.scstatehouse.gov/code/t33c037.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:04:09Z","sha256":"3ce8bd5a2c747a0492172fc144266d7d7a289bbcc446c0d3471fc20bb460dfb9","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-33-37-460","next":"us-sc/s.c.-code-ann.-33-37-470"},"notice":"GroundRules: Original legal text. Not legal advice."}