{"data":{"id":"us-sc/s.c.-code-ann.-33-38-300","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 33-38-300","heading":"Corporate purposes for benefit corporations.","body":"(A) In addition to corporate purposes provided in Section 33-3-101, a benefit corporation shall have as one of its corporate purposes the creation of a general public benefit.\n(B) A benefit corporation may include as a corporate purpose in its articles of incorporation one or more specific public benefit purposes in addition to its purposes under subsection (A) of this section. The identification of a specific public benefit purpose pursuant to this subsection does not limit the obligation of a benefit corporation pursuant to subsection (A).\n(C) A benefit corporation may amend its articles of incorporation to add, amend, or remove the identification of a specific public benefit purpose. The amendment must be approved by the shareholders of the benefit corporation in the manner required by Section 33-38-230.\n(D) The creation of general public benefit and specific public benefit pursuant to subsections (A) and (B) is in the best interests of a benefit corporation.\n(E) A professional corporation that is a benefit corporation does not violate Section 33-19-110.","path":["Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 38 South Carolina Benefit Corporation Act","ARTICLE 3 Corporate Purposes"],"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":"13d7bdd001f816a46e8756b3119ff8db81dc03f139a7362ac083e5be304334a8","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-33-38-230","next":"us-sc/s.c.-code-ann.-33-38-400"},"notice":"GroundRules: Original legal text. Not legal advice."}