{"data":{"id":"us-sc/s.c.-code-ann.-33-38-210","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 33-38-210","heading":"Effective date for incorporation as a benefit corporation; merger when surviving corporation is a benefit corporation.","body":"(A) An existing domestic corporation shall become a benefit corporation on the effective date of the amendment to its articles of incorporation to include a provision providing that the corporation is a benefit corporation governed by this chapter. As amended, the articles of incorporation also must include an identification of any specific public benefit purpose as required by Section 33-38-300. An amendment under this section must be approved in the manner required by Section 33-38-230.\n(B) If a corporation or other entity that is not a benefit corporation is a party to a merger, conversion, or share exchange, and the surviving or resulting entity in the merger, conversion, or share exchange is, or is to be as a result of such transaction, a benefit corporation, the plan of merger, conversion, or share exchange must be approved in the manner required by Section 33-38-230. Upon the completion of the transaction, in order for the surviving or resulting entity to be a benefit corporation it must include a provision in its articles of incorporation providing that the corporation is a benefit corporation governed by this chapter and identify any specific public benefit purpose as required by Section 33-38-300.","path":["Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 38 South Carolina Benefit Corporation Act","ARTICLE 2 Adoption and Change of Status"],"source_url":"https://www.scstatehouse.gov/code/t33c038.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:04:14Z","sha256":"b8f7b031ccfd43d54358faa5610dfc1ff72048e49a0cfc208c165982f3b5ecf4","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-33-38-200","next":"us-sc/s.c.-code-ann.-33-38-220"},"notice":"GroundRules: Original legal text. Not legal advice."}